(Last Word) Patents Are Most Likely to Infringe on Innovation

question 127

Multiple Choice

(Last Word) Patents are most likely to infringe on innovation

• A)for products that incorporate many different technologies into a single product.
• B)of simple, easy-to-copy products.
• C)in the pharmaceutical industry.
• D)when they cause creative destruction.

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Definitions:

Non Est Factum

A legal defense claiming a contract is invalid due to a serious misunderstanding or mistake about its nature or terms.

Negotiable Instruments

Financial documents that guarantee the payment of a specific amount of money, either on demand or at a set time, with the payee able to transfer it to another holder.

Non Est Factum

A legal defense meaning "it is not my deed" used when a person signed a document mistakenly or under a fundamental misunderstanding.

Foreclosure

A legal process by which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments by forcing the sale of the asset used as the collateral for the loan.