Which of the Following Statements Is Correct

question 46

Multiple Choice

Which of the following statements is correct?

• A)The Paris Convention protects patents;the Berne Convention protects copyrights.
• B)The Paris Convention protects copyrights;the Berne Convention protects patents.
• C)The Berne Convention and Paris Convention are different names for the same thing.
• D)Neither the Berne Convention nor the Paris Convention is concerned with intellectual property.
• E)The International Union for the Protection of Literary and Artistic Property is different from the Berne Convention.

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Definitions:

Stock Split

A corporate action in which a company divides its existing shares into multiple shares to boost the liquidity of the shares.

Warranty of Authority

A representation that a person who purports to act on behalf of another (an agent) has the necessary authority to do so.

Bankruptcy

A legal process for individuals or businesses that are unable to repay their outstanding debts, allowing for the distribution of assets to creditors, potentially leading to the discharge of remaining debts.

Agency Termination

The process of ending the relationship between an agent and their principal, which can occur for various reasons such as fulfillment of the agency purpose or mutual agreement.