A copyright b patent c trademark d tradename 29

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A. Copyright B. Patent C. Trademark D. Tradename 29. Newton and Einstein invented separately the technology for time machine. On January 1, 2018, Newton obtained patent for his technology in USA. On April 1, 2018, Einstein registered his right over the same technology with IPO of Philippines. On May 1, 2018, Newton filed an application for patent for the same technology with IPO of Philippines and such local application claims priority. On June 1, 2018, Newton submitted a certified copy of the foreign application together with an English translation with IPO of Philippines. Who has better right over the patent? A. Einstein because he has earlier local application filing date. B. Newton because he has earlier priority date. C. None of them D. Government 30. What is the legal term of trademark or service mark? A. Life of the right holder plus 50 years after his death B. 20 years C. 10 years but subject to unlimited renewal D. Indefinite 31. It refers to trademark infringement test that focuses on the similarity of the main, prevalent or essential features of the competing trademarks that might cause confusion. A. Literal infringement test B. Doctrine of Equivalents Infringement test C. Holistic test D. Dominancy test 32. As a general rule, what is the legal term of copyright? A. Life of the author plus 50 years after his death B. 20 years C. 10 years but subject to unlimited renewal D. Indefinite
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Page 8 CORPORATION CODE 33. It shall mean any sale of a security which the seller does not own or any sale which is consummated by the delivery of a security borrowed by, or for the account of the seller with the commitment of the seller or securities borrower to return or deliver said securities or their equivalent to the lender on a determined or determinable future date. A. Short sale B. Long sale C. Middle sale D. Wide sale 34. Who is prohibited from making a short sale in securities of the corporation? A. Creditor of the corporation B. Stockbroker of the corporation C. Employees of the corporation D. Director, officer or principal shareholder of a corporation 35. It refers to the framework of rules, systems and processes in the corporation that governs the performance by the Board of Directors and Management of their respective duties and responsibilities to the shareholders. A. By-Laws B. Corporate Governance C. Articles of Incorporation D. Internal Control 36. What is the required number of independent directors to corporations covered by Revised Code of Corporate Governance? A. Always two B. Always three C. Always one D. Always four 37. Which of the following is a ground for permanent disqualification of a director of a corporation covered by Revised Code of Corporate Governance? A. Conviction by final judgment of an offense involving moral turpitude such as fraud, estafa, theft, forgery bribery or perjury B. Absence in more than fifty percent of all regular and special meetings of the Board during his incumbency, or any twelve month period during the said incumbency C. If the beneficial equity ownership of an independent director in the corporation or its subsidiaries
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