GBA Chapter 3 Exam Questions and Answers (Solved Papers) According to the SEC, there are almost 500 civil enforcement actions each year against individuals and companies that break securities laws. Insider trading is one of the most common laws broken. - Correct Answers ✅True Martha Stewart acted on a tip that she knew breached her broker's duty. - Correct Answers ✅True Design patents are limited to _ years. - Correct Answers ✅15 The Texas Uniform Trade Secret act outlines a fourteen point test that the Texas courts must consider before excluding a party's representative at any stage of the proceedings. - Correct Answers ✅False Generally, a hair conditioner formula can be a trade secret. - Correct Answers ✅True The federal and Texas courts have excluded privileged information as trade secrets when the information is generally known outside the corporation, or when the intellectual property of an employee (talents, skills and abilities), or the information can be easily or quickly reproduced outside the corporation. - Correct Answers ✅True
- / 1