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________ Patents Are the Second Most Common Type of Patent

question 62

Multiple Choice

________ patents are the second most common type of patent and cover the invention of new, original, and ornamental designs for manufactured products.


Definitions:

Buyer

An individual or entity that makes a purchase or agrees to purchase goods or services.

"On Approval"

A transaction condition allowing a buyer to take merchandise home for a trial period before making a final purchase decision.

Risk Of Loss

A legal term referring to the responsibility for damage or loss of goods, typically determining who bears the risk at various points during a transaction.

Possession

The state or fact of owning or holding something in one’s control, typically physical objects, but can also refer to rights.

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