Relate lost shipwrecks to patentable inventions

Assignment Help Operation Management

Reference no: EM132266783

Under the ancient law of admiralty, the finder of an abandoned shipwreck becomes the owner according to the law of finds.

(a) Discuss the incentives (both good and bad) that this rule creates for would-be treasure hunters. (Hint: Relate lost shipwrecks to patentable inventions.)

(b) The Abandoned Shipwreck Act of 1987 (43 U.S.C. 2101–2106) abrogated admiralty law for wrecks found in U.S. waters, awarding ownership instead to the state in whose waters a wreck is found. The state can then design its own reward scheme. Suggest what an optimal reward scheme might look like.

Reference no: EM132266783

Questions Cloud

Ethics case study : Ethics Case Study. Analyze the efforts to control the activities of the organization.

Company disbursement float-collection float and net float : Calculate the company’s disbursement float, collection float, and net float.

What are the key features of effective boards of directors : What are the key features of effective boards of directors? Describe a current trend in corporate governance, providing a real example.

Contrast economic policies with social assistance policies : Compare and contrast economic policies with social assistance policies.

Relate lost shipwrecks to patentable inventions : Discuss the incentives (both good and bad) that this rule creates for would-be treasure hunters. (Hint: Relate lost shipwrecks to patentable inventions.)

What theory is most likely being used by the consultant : What theory is most likely being used by the consultant and why?

Describe the iron law of responsibility : Describe the iron law of responsibility. Explain why a business should seek to balance its economic, legal and social obligations.

Regulatory statute related to practice of law was violated : What crime did he commit? What state regulatory statute related to the practice of law was violated?

Competitors allege that in important developing markets : You are a consultant working for Philip Morris. Competitors allege that in important developing markets such as Turkey,

User Account

All Pages