Post Utme Lautech 2020 Commerce Question 19

Practice objective / multiple choice question 19 from the 2020 Post Utme Lautech Commerce examination.

Post Utme Lautech 2020 Commerce Objective / Multiple Choice
Question 19 POST_UTME_LAUTECH • 2020 • COMMERCE • objective

A company produces a product that is subject to a patent. The patent holder grants a license to the company to manufacture and sell the product. However, the company fails to pay the required royalties to the patent holder. What is the primary consequence of the company's actions?

Answer Options

A. The patent holder can revoke the license
Correct Answer B. The company can be sued for patent infringement
C. The company must pay a fine to the patent holder
D. The patent holder can terminate the license
Correct Answer
B
Correct Option:
The company can be sued for patent infringement

About This Question

This is Post Utme Lautech 2020 Commerce Question 19. It is one of the objective questions from the 2020 Post Utme Lautech Commerce examination.

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