Canwell developed a chemical formula that it began selling. Just over a year later, it applied for a patent. Which of the following statements would be true?
◦ Canwell was not entitled to a patent. A corporation cannot seek patent protection, only an individual can.
◦ Canwell was entitled to a patent, as all necessary elements had been satisfied.
◦ Canwell was not entitled to a patent. A formula cannot qualify as an invention capable of being protected by patent.
◦ Canwell was not entitled to a patent. Patent protection can only be extended to mechanical, not chemical, inventions.
◦ Canwell was not entitled to a patent. To qualify as "new," the invention must not have been disclosed more than one year prior to application.
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