Commercial Laws Test

Essay by WilliamizzoCollege, UndergraduateA, February 2014

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COMMERCIAL LAW

11. WHAT IS AN ACT OF TRADE?

It is a contract whereby acquired for valuable consideration an asset of any kind in order to profit by the means of its transmission.

12. HOW DO THE ACTS OF TRADE ARE CLASSIFIED?

Quite commercial and conditional MERCHANTABILITY are divided: Accessories or related and major acts of trade which are subdivided: attending to the subject; the purpose or motive and object.

13 SUPLETORIEDAD OF THE LAW ON COMMERCIAL TRIALS

Substanciaran accordance with the procedures applicable in accordance with the commercial code, the special laws on trade and failing by the Federal Code of civil procedure and in last term by the local code of procedure. (effective as of July 16, 2008)

14 CONCEPT OF DEBT

The documents needed to exercise the literal right that is recorded (article 5th law General titles and credit operations).

15. WHAT IS YOUR ECONOMIC ROLE?

Serves as a means of transportation of money, credit in the short and medium term instrument and as a tool to expedite the payment of obligations liquid.

16 AS IS CLASSIFICATION OF RECEIVABLE?

In nominative and bearer

17. WHAT ARE NOMINEE TITLES?

Certificates issued in favour of a person whose name is recorded in the same text in the document (art-23 law General titles and credit operations).

18. WHAT ARE BEARER SECURITIES?

Those who are not issued in favour of a certain person, or not contain the clause "to the bearer." (Art. 69. Law General titles and credit operations).

19 CHARACTERISTICS OF CREDIT TITLES

Features of literalness, autonomy, incorporation, circulation.

20. WHAT IN THAT IS THE WORDING?

Translates into the literal right they have, whose function is to measure the content and extent of the obligations which are since the law expands so literally is it designated.

21 IN WHAT IS...