According to the Public Use Doctrine for Patents, ________

question 42

Multiple Choice

According to the public use doctrine for patents, ________.

• A)a patent will not be granted if the invention was already in public use for one year before filing application
• B)an invention cannot be used in the public domain prior to it being granted a patent
• C)the inventor has to test his invention in the public domain, to measure its validity, before being granted a patent
• D)the invention will come into the public domain once its term period has expired

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Definitions:

Effective Rate

The interest rate on a loan or financial product, adjusted for the effect of compounding over a specified period of time.

Semi-annually Compounded

A method of computing interest in which interest is added to the principal balance twice a year, resulting in compound growth.

Effective Rate

The actual rate of interest earned or paid on an investment or loan, taking into account compounding.

Semi-annual Payments

Payments that are made twice a year, typically in the context of loan repayments or income distributions.