1. Compulsory licensing allows exploitation of patented inventions without the patent owner's agreement under certain circumstances like national emergencies. The person who can grant this authority is the Director General of the Intellectual Property Office.
2. The Fair Use Doctrine allows use of copyrighted works under certain conditions. In determining fair use, factors considered include the purpose of the use, nature of the work, amount used, and the effect of the use on the potential market.
3. A financing agreement between ABC Bank and XYZ Corporation specified installment payments and interest rates. XYZ Corporation can refuse to pay undisclosed handling fees and charges not mentioned in the agreement, as banks must provide all finance charges under the Truth in
1. Compulsory licensing allows exploitation of patented inventions without the patent owner's agreement under certain circumstances like national emergencies. The person who can grant this authority is the Director General of the Intellectual Property Office.
2. The Fair Use Doctrine allows use of copyrighted works under certain conditions. In determining fair use, factors considered include the purpose of the use, nature of the work, amount used, and the effect of the use on the potential market.
3. A financing agreement between ABC Bank and XYZ Corporation specified installment payments and interest rates. XYZ Corporation can refuse to pay undisclosed handling fees and charges not mentioned in the agreement, as banks must provide all finance charges under the Truth in
1. Compulsory licensing allows exploitation of patented inventions without the patent owner's agreement under certain circumstances like national emergencies. The person who can grant this authority is the Director General of the Intellectual Property Office.
2. The Fair Use Doctrine allows use of copyrighted works under certain conditions. In determining fair use, factors considered include the purpose of the use, nature of the work, amount used, and the effect of the use on the potential market.
3. A financing agreement between ABC Bank and XYZ Corporation specified installment payments and interest rates. XYZ Corporation can refuse to pay undisclosed handling fees and charges not mentioned in the agreement, as banks must provide all finance charges under the Truth in
1. Compulsory licensing allows exploitation of patented inventions without the patent owner's agreement under certain circumstances like national emergencies. The person who can grant this authority is the Director General of the Intellectual Property Office.
2. The Fair Use Doctrine allows use of copyrighted works under certain conditions. In determining fair use, factors considered include the purpose of the use, nature of the work, amount used, and the effect of the use on the potential market.
3. A financing agreement between ABC Bank and XYZ Corporation specified installment payments and interest rates. XYZ Corporation can refuse to pay undisclosed handling fees and charges not mentioned in the agreement, as banks must provide all finance charges under the Truth in
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1.
Compulsory Licensing of Inventions which are duly patented may be
dispensed with or will be allowed exploitation even without agreement of the patent owner under certain circumstances, like national emergency, for reason of public interest, like national security, etc. The person who can grant such authority is - a. the Director General of the Intellectual Property Office; b. the Director of Legal Affairs of the Intellectual Property Office; c. the owner of the Patent right; d. Any agent of the owner of the Patent right.
2. The Fair Use Doctrine allows others to utilize copyrighted works
under certain conditions. The factors to consider whether use is fair or not would be the purpose and character of the use, nature of the copyrighted work, amount and substantiality of the portions used, and what else? a. Effect of the use upon the creator of the work. b. Effect of the use upon the potential market of the work. c. Effect of the use upon the public in general. d. Effect of the use upon the class in which the creator belongs.
3. XYZ Corporation bought ten (1 0) units of Honda Civic from CCC
Corporation. ABC Bank granted a loan to XYC Corporation which executed a financing agreement which provided for the principal amount, the installment payments, the interest rates and the due dates. On due dates of the installment payments, XYZ Corporation was asked to pay for some handling charges and other fees which were not mentioned in the Financing Agreement. Can XYC Corporation refuse to pay the same? a. No, because handling charges and other fees are usual in certain banking transactions. b. Yes, because ABC Bank is required to provide XYZ Corporation not only the amount of the monthly installments but also the details of the finance charges as required by the Truth in Lending Act. c. No, because the Finance Agreement is a valid document to establish the existence of the obligation. d. Yes, because legally, finance charges are never allowed in any banking transaction.
4. Which of the following is an exception to the secrecy of bank
deposits which are in Philippine Pesos, but NOT an exception to the secrecy of foreign currency deposits? a. Upon Bangko Sentral ng Pilipinas (SSP) inquiry into or examination of deposits or investments with any bank, when the inquiry or examination is made in the course of the SSP's periodic special examination of said bank to ensure compliance with the Anti-Money Laundering Act (AMLA); b. Upon Philippine Deposit Insurance Corporation (PDIC) and SSP inquiry into and examination of deposit accounts in case there is a finding of unsafe or unsound banking practice; c. Upon inquiry in cases of impeachment; d. Upon inquiry by the Commissioner of Internal Revenue in the event a taxpayer files an application to compromise his tax liabilities on the ground of financial incapacity.
5. The Anti-Money Laundering Law is a law that seeks to prevent
money laundering activities by providing for more transparency in the Philippine Financial System, hence the following institutions are covered by the law, except: a. Bank and any financial institutions; b. Pawnshops; c. Casino operators; d. All of the above.