2. Read and understand which statement below is correct: i. Once a name is registered under the Act, the persons who have registered the name have an exclusive right to use the name for a three-year period during which time another identical or similar name cannot be used by any other business ii. Once a name is registered under the Act, the persons who have registered the name have an exclusive right to use the name for a two-year period during which time another identical or similar name cannot be used by any other business iii. Once a name is registered under the Act, the persons who have registered the name have an exclusive right to use the name until it is cancelled by the applicant, during which time another identical or similar name cannot be used by any other business iv. During the time a name is registered under the Act another identical name cannot be used by any other business, but a similar name may be used