A patent is an exclusive right granted to its owner to manufacture and sell a machine or device, or to use a process, for 20 years. This is to encourage innovation and protect the inventor's intellectual property.

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A Patent

Question 112

Multiple Choice

A patent

A) Gives the owner the exclusive right to publish and sell a musical or literary work during the life of the creator plus 50 years
B) Is an exclusive right granted to its owner to manufacture and sell a machine or device,or to use a process,for 20 years
C) Is an exclusive right granted to its owner to manufacture and sell a machine or device,or to use a process,for 50 years
D) The amount by which the value of a company exceeds the fair market value of a company's net assets if purchased separately
E) Gives the owner the exclusive right to publish and sell a musical or literary work during the life of the creator plus 20 years

Correct Answer: