Which of the Following Statements Is Incorrect

question 120

Multiple Choice

Which of the following statements is incorrect?

• A) Standard & Poor's rates commercial paper.
• B) Commercial paper issuers with lower than prime credit ratings are unable to sell commercial paper.
• C) Commercial paper can be sold either directly or indirectly through brokers and dealers.
• D) All of the statements are correct.

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Definitions:

First-To-Invent Rule

A patent law principle stating that the right to a patent for an invention goes to the first person to invent it, not necessarily the first to file a patent application.

Copyright

A form of intellectual property protection granted by law to the creators of original works of authorship, including literary, dramatic, musical, and certain other intellectual works.

Life of the Creator

A legal term often associated with copyright laws, referring to the duration in which copyright protection lasts based on the creator's lifetime plus a number of years posthumously.

First-to-File Policy

A legal principle where the first party to file a patent application for an invention is granted the patent, regardless of who was the first to invent.