Which of the Following Is False with Regard to Trademark

question 89

Multiple Choice

Which of the following is false with regard to trademark?

• A) Registration of a trademark gives the owner of the trademark the exclusive right to use it throughout Canada.
• B) Registration of a trademark grants the owner protection for 15 years with the right to renew.
• C) If a person registers a trademark but later fails to use it, protection of the mark will not be lost. It is still his and protected for the remainder of the period of protection granted.
• D) The distinctive design of a product container may be the subject of trademark protection.
• E) Registration under the Trademark Act establishes a presumption that the person registered is the owner of the trademark.

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Definitions:

CPA Canada Handbook

A comprehensive guide that provides accounting standards and financial reporting practices in Canada, serving as a critical resource for accountants.

Proprietorships

Types of business organizations owned by a single person, where the owner is personally responsible for the business debts and obligations.

Financial Statements

Formal records of the financial activities and position of a business, person, or other entity, typically including an income statement, balance sheet, and statement of cash flows.

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term obligations, calculated as current assets divided by current liabilities.