Katie's Vegetarian Restaurant,with Total Assets of $90,000,borrows $15,000 from the Bank.Which

question 53

Multiple Choice

Katie's Vegetarian Restaurant,with total assets of $90,000,borrows $15,000 from the bank.Which of the following is a true statement upon borrowing the money?

• A)Total assets are now $105,000.
• B)Total assets are now $80,000.
• C)Total assets are now $15,000.
• D)Total assets are now $75,000.

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Infringement

Unauthorized use or violation of someone else's rights or agreement.

Patent Act

Legislation governing the rights of inventors to protect their inventions through the grant of patents, detailing the process of obtaining and enforcing patent rights.

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A legal protection granted to the ornamental design of a functional item for a period of 15 years in the United States.

Nonobviousness

A criteria in patent law requiring an invention to be sufficiently inventive or not obvious to someone skilled in the field to be patentable.