Ask Question
BusinessBusiness
13 July, 12:59

Explain why the scenario below fails to address the protection that patent laws offer inventors.

Situation: Raymond is an inventor and he has copied a product that he knows is patented.

Raymond: "This product is going to sell very well, and I am not concerned about getting caught. The worst that will happen is that I will pay a fine."

+4
Answers (1)
  1. 13 July, 13:41
    0
    The punishment given to copy the brain is very negligible.

    Explanation:

    The rule should be in such a manner that,

    It does not punish the person who has not involved in the act of crime Punishment should be in a manner that, it gives an opportunity for the criminal to correct himself.

    Scenario explained:

    Based on this idea, for this scenario, I feel like using the product of someone which is patented is crime but the punishment given for copying the product of someone is negligible. So anyone can try to copy, just pay fine if they are caught. So this neither satisfies rule number 1 mentioned above, nor satisfies rule number 2.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Explain why the scenario below fails to address the protection that patent laws offer inventors. Situation: Raymond is an inventor and he ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
A creditor would favor a positive net worth. a. True b. False
Answers (1)
Monopolistic competition exists when there is one large firm in an otherwise perfectly competitive market. True or False?
Answers (1)
Assume that the market equilibrium price is 50 cents for a pound of bananas, and the quantity sold is roughly 10 pounds.
Answers (1)
You have just started a new business. You need to have three to four workstations available for your employees who simply need to share some files and a printer, but you don't have a large budget. Security is not a major concern, but costs are.
Answers (1)
Which is true? A) Goodwill is tangible B) Property plant and equipment is listed at net value C) Depreciation is a cash expense D) R and D is an investment E) Balance sheet items are listed at market value
Answers (1)
New Questions in Business
The Foreign Corrupt Practices Act (FCPA) makes it illegal for US citizens to bribe high ranking foreign officials to get new business. A violation can have a criminal penalty that involves up to five years in prison.
Answers (1)
In its first month of operations, Literacy for the Illiterate opened a new bookstore and bought merchandise in the following order: (1) 240 units at $10 on January 1, (2) 480 units at $11 on January 8, and (3) 780 units at $12 on January 29.
Answers (1)
On March 1, 2021, Bearcat lends an employee $20,000. The employee signs a note requiring principal and interest at 9% to be paid on February 28, 2022. Record the adjusting entry for interest at its year-end of December 31.
Answers (1)
The rate of increase in saving is less than the rate of increase in income A. true B. false
Answers (1)
An ideal marketing penetration strategy would be to offer cash backs and discounts on products to customers a. True b. False
Answers (2)
Home » Business » Explain why the scenario below fails to address the protection that patent laws offer inventors. Situation: Raymond is an inventor and he has copied a product that he knows is patented.
Sign Up Forgot Password?