If Two Individuals Apply for the Same Patent,the Individual Who

question 79

Multiple Choice

If two individuals apply for the same patent,the individual who is likely to get the patent in the United States of America is the one who is first to:

• A)file.
• B)buy.
• C)sell.
• D)invent.
• E)document.

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Definitions:

Credit Terms

Conditions under which a seller extends credit to a buyer, detailing the repayment time frame and any interest or penalties for late payment.

Cash Discount

A reduction in the invoice price offered to encourage buyers to pay their bills promptly.

Net Purchases

The total purchases of inventory less returns, allowances, and discounts over a specific period.

Merchandise Available for Sale

The total quantity of goods that a retailer has on hand and ready to sell to customers.