ECONOMICS (CBSE/UGC NET)

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ECONOMICS

PROPERTY RIGHTS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The copyright owner may elect, at any time before final judgment is rendered, to recover instead of actual damages and profits, an award of statutory damages for all infringements involved in an action in a sum equivalent to the filing fee of the infringement action but not less than ____ pesos.
A
Php30, 000.00
B
Php20, 000.00
C
Php40, 000.00
D
Php50, 000.00
Explanation: 

Detailed explanation-1: -civil remedies-these provide for injunctions, damages, rendition of accounts, delivery and destruction of infringing copies and damages for conversion; criminal remedies-these provide for imprisonment, fines, seizure of infringing copies and delivery of infringing copies to the owner; and.

Detailed explanation-2: -Under the Copyright Act, 1957 the following remedies are provided for infringement: Imprisonment up to 3 years but, not less than 6 months. Fine which may not be less than 50, 000 but, may extend up to 2, 00, 000. Search and seizure of infringing goods.

Detailed explanation-3: -Section 504(c)(2) provides that, where such a person or institution infringed copyrighted material in the honest belief that what they were doing constituted fair use, the court is precluded from awarding any statutory damages.

Detailed explanation-4: -There are three types of remedies available against infringement of copyright: (1) Civil (2) Criminal, and (3) Administrative All the three remedies are independent and can be pursued simultaneously or separately.

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