What is the primary difference between a contract and a gift

This essay writes two copies. Don’t be too similar!!!

Read book!

In Introduction to Business Law, read the following:

CH 27 – Intellectual Property pp. 520-537

CH 29 – Personal Property and Bailment  pp. 560-575

https://bookshelf.vitalsource.com/#/books/9781337671231

id: houz@miamioh.edu

password: Zhengke@427

If you haven’t already, please review the Module Overview page, read the reading assignments, listen to the lectures/presentations.

These are three short essay questions. Answers can be found in the reading assignments and lectures.

Please use bullet points if appropriate. For example, if a question asks for three things, use this format to answer –

1. First point.

2. Second point.

3. Third point.

___________________________________________________________________

Question #1 (5 points):

You are interviewing with In the Hat Design to be its new Digital Marketing Manager. The company is concerned about the copyright protection of the digital content that it creates.

1. Explain to the interviewer what federal law protects it and the four key elements of the law.

2. Why are each of these elements considered important?

Your response will determine whether you get the job or not.

Question #2 (5 points):

Mel is having a bad day. He got fired from his job and decides to go to Hamilton Bookstore to buy a job search book.

On the public sidewalk, he sees a garbage can and defiantly strips off his tie and throws it in the garbage can, vowing never to wear a tie again.

While stripping off his tie, Mel unknowingly causes his wallet to fall out of his pocket as he was walking into the store. Assume that the wallet fell on the public sidewalk.

In the store, while looking through the Career section, Mel takes off his suit jacket and lays it on a nearby chair.

Not finding anything he wants to buy, Mel leaves the store and goes home in a stupor to contemplate his future.

As Mel is leaving, Howie walks in. He notices the tie in the garbage can, grabs it, and puts it on. He then notices the wallet. He grabs that as well. While walking to the Home Improvement section, he passes the Career section. Noticing Mel’s jacket on the chair, he tries it on and realizes it was a perfect fit.

1. How does the law resolve the ownership rights in each of the tie, wallet, and jacket? In other words, who has ownership rights in each item?

2. Why does the law dictate what it does in each of these circumstances?

Question #3 (5 points):

1. What are the three main elements needed for a gift?

2. What is the primary difference between a contract and a gift? Give an example of each.

3. What is the primary difference between a bailment and a gift? Give an example of a bailment?

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