1.

Samsung invented a cellular phone that can also play digital

music or MP3s. It applied for the issuance of letters patent.
a. The invention is not patentable because it is a
combination of old functions which does not produce a new
result.
b. The invention is patentable because it is a new product
which is beneficial to the public.
c. The invention is not patentable because Samsung is a
foreign corporation and it should file its application in
its home country.
d. The invention is patentable because it combines existing
elements, a cellular phone and a digital music player,
and produces a new and useful result, namely, the
convenience of having two gadgets in one.

2. Lucky Me registered its trademark, “Ang Sarap Pancit Palabok”

with the Intellectual Property Office. Nissin subsequently
introduced its new product, “Ang Sarap Pinoy Ramen”. Lucky Me
sued for trademark infringement.
a. Nissin is not guilty of trademark infringement because
the trademark “Ang Sarap” is descriptive, hence not
capable of exclusive appropriation.
b. Nissin is not guilty of trademark infringement because
its product, Pinoy Ramen, belongs to a different category
from Lucky Me’s product, Pancit Palabok.
c. Nissin is guilty of trademark infringement because it did
not register its trademark “Ang Sarap Pinoy Ramen”.
d. Nissin is guilty of trademark infringement because the
trademark “Ang Sarap” is fanciful and arbitrary, hence
capable of exclusive appropriation.

3. Center Book Store is the publisher of the book Legal Journal. It

donated one copy to the Library of the U.E. College of Law. The
Library, in order to preserve the original book, reproduced one
copy of the Journal for lending to the University’s students for
room use. Is the U.E. Law Library liable for copyright
infringement?
a. No. The reproduction is consistent with fair use.
b. Yes. Only the National Library is allowed to reproduce
books and other works.
c. No. The copy of the Journal is marked “For Room Use Only”
and is therefore not made available to the public outside
of the Library.
d. Yes. The law only allows a library to photocopy a book if
it is fragile or rare.

4. Which among the following is not a function of the Bangko Sentral

ng Pilipinas?
a. As official depositary of the Philippine government.
b. As financial adviser of the Philippine government.
c. As fiscal agent of the Philippine government.
 d. As the watchdog of government funds.

5. No. 1 – A bank may be may lend to a single borrower more than

fifteen (15%) of the bank’s unimpaired capital.
No. 2 – A deposit in a bank in foreign currency may be
inquired into provided the depositor gives his consent, orally or
in writing.
a. Both are false.
b. Both are true.
c. No. 1 is true; no. 2 is false.
d. No. 1 is true; no. 2 is false.