A Design Patent

question 73

Multiple Choice

A design patent:

• A) has a duration of 14 years.
• B) refers to ornamental designs for manufactured products.
• C) requires a showing of novelty, ornamentality, and nonobviousness.
• D) All of these.

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Definitions:

Nominal Interest Rate

The rate of interest before adjustment for inflation, representing the face value of borrowing or lending.

Interest Rate

An interest rate is the percentage at which interest is paid by borrowers for the use of money that they borrow from a lender.

Strip Bond

A debt security that is derived from the coupon and principal payments of a bond, which are separated ("stripped") and sold as individual zero-coupon bonds.

Compounded Semi-Annually

Interest calculated on the principal and previously earned interest twice a year.