This document contains a list of names and student registration numbers, followed by an assignment on classifying commercial activities for a Business Law group. It defines different types of commercial activities, including commercial acts by nature (acts done with a commercial cause or object), commercial acts by repetition (operations that become commercial through repetition like manufacturing or transport companies), commercial acts by form (bills of exchange, companies), commercial acts by relations (obligations involving movable/immovable goods), and mixed commercial acts (between a trader and non-trader). It also defines commercial intermediaries like brokers (who mediate deals but don't act as principal) and commission agents (who act on behalf of a principal for a commission).
This document contains a list of names and student registration numbers, followed by an assignment on classifying commercial activities for a Business Law group. It defines different types of commercial activities, including commercial acts by nature (acts done with a commercial cause or object), commercial acts by repetition (operations that become commercial through repetition like manufacturing or transport companies), commercial acts by form (bills of exchange, companies), commercial acts by relations (obligations involving movable/immovable goods), and mixed commercial acts (between a trader and non-trader). It also defines commercial intermediaries like brokers (who mediate deals but don't act as principal) and commission agents (who act on behalf of a principal for a commission).
This document contains a list of names and student registration numbers, followed by an assignment on classifying commercial activities for a Business Law group. It defines different types of commercial activities, including commercial acts by nature (acts done with a commercial cause or object), commercial acts by repetition (operations that become commercial through repetition like manufacturing or transport companies), commercial acts by form (bills of exchange, companies), commercial acts by relations (obligations involving movable/immovable goods), and mixed commercial acts (between a trader and non-trader). It also defines commercial intermediaries like brokers (who mediate deals but don't act as principal) and commission agents (who act on behalf of a principal for a commission).
Classification of commercial activities Commercial activity is an activity intended for exchange in the market with the goal of earning an economic profit and also commercial positions are important in the options and futures markets, since they generally provide an indication of hedging activity. There are different classification of commercial activities which are being explained below;
1. commercial act by nature
Includes operations which are commercial, notwithstanding the character isolated or other quality of non-trader of the author. Commercial activities are divided into commercial act by their cause and commercial act by object. A. commercial act by their cause These acts will be commercial because of the objectives which inspires them. Purchase of movable to sell them and rent them or hiring to sub lease. The purchase must be inspired by a speculative commercial interest. To resell or rent is the same to hiring to rent or to sub lease. Generally, those who buy to resell or to rent will be trades and the nature of commercial acts will not be doubt. -purchase of business to exploit it. -additional acts to a commercial deal. B. commercial acts by their objects Commercial acts by objects are those which are normally achieved by traders. Any person who would achieve them by carry out a commercial act, with consequences which sticks on it. 2.Commercial acts by repetitions This category includes operations which become commercial only by their repetition. The activities which are included in commercial acts by repetition are the following; . company of manufacture or factory: Manufacturing company is any company that uses raw materials, parts, and components to assemble finished goods.
. companies of private or public works: hey include public buildings (municipal
buildings, schools, hospitals), transport infrastructure (roads, railroads, bridges, pipelines, canals, ports, airports), public spaces (public squares, parks,
. There are transport companies included
. companies of supply . agencies and offices of business . Establishment of sale to the auction -Establishment of public spectacles -Insurance with premium 3.Commercial acts by the form: -Bills of exchange, Mandate, promising notes or effects…order or the corner. -Companies with lucrative goal act. 4.comercial acts by relations: The law regard as commercial act all obligation of trade r for movable or immovable objects unless it is proven that they have foreign cause to trades art2A in fine. Contrary to the proceeding categories, the commercial acts defined here like the acts of the trader. 5.Mixed Commercial acts Are those which are concluded between two people whom on is a trader and the other is not. The mixed acts are commercial only on the side of the trade. The obligation of the private individual remains civil also the classification of commercial acts in not exhausted. Commercial intermediaries 1. Brokers A broker is a part that mediate between buyer and seller. A broker who also acts like a seller or as a buyer became a principal part to the deal. A broker also defined as an intermediary who acts neither in his own name nor for his own account but who arranges contract between the parties in order to facilitate or conclude transactions between those people. 2.Commission agents Is a person who acts in his names personal firm name but on behalf of principle without disclosing the name of principal to the contracting party .In return he is paid a commission . The commission agent may be individual or legal person.