Patents Grant Their Owners

question 123

Multiple Choice

Patents grant their owners

• A) a property right to new products and production processes that they have developed.
• B) the exclusive right to use a newly developed process or product forever.
• C) the right to use resources owned by their competitors.
• D) an exemption from laws that prohibit price discrimination.

---

Definitions:

Adjust Debts

The process of renegotiating or modifying the terms of debts to make them more manageable for the debtor.

Chapter

A division or section of a document, book, or legal code, often numbered or titled to indicate the topic of a particular segment.

Chapter 13 Repayment Plan

A legal process in the U.S. bankruptcy system that allows individuals with regular income to reorganize their debts and pay them off over a three to five-year period.

Creditors

Persons or entities to whom money is owed by debtors or borrowers.