Which of the Following Is True of Patents

question 10

Multiple Choice

Which of the following is true of patents?

• A)Patent law is enacted by the Congress under the power given by Article V of the Constitution.
• B)A patent gives an inventor exclusive rights to make,use,or sell an invention for twenty-five years.
• C)Processes may be patented but not machines.
• D)A composition of matter is found in nature and can be patented.
• E)A design patent gives the owner exclusive rights to use the design for fourteen years.

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Definitions:

Reduce Risk

Strategies and measures employed by individuals or companies to minimize the exposure to financial loss or operational failures.

Underwriters

Organizations or individuals that assess and accept the risk of another party in exchange for a fee, typically in the context of insurance or investment banking.

Firm Commitment Underwriting

A commitment by an underwriter to buy all the unsold shares of a public offering at an agreed-upon price, thus guaranteeing the issuer that the offering will raise a certain minimum amount of capital.

Spread

The difference between the buying and selling price of an asset or the difference between the bid and ask prices in trading.