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Definition of a Trader in Commercial Transactions

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Definition of a Trader in Commercial Transactions

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Questions and Answers

Which type of activities are transactions carried out by the trader for the needs of his trade?

Speculative transactions

Commercial activities

Non-commercial activities (correct)

Underlying contracts

What is the nature of transactions carried out by the trader for his trade needs according to the text?

Commercial with profit motives

Primarily non-commercial (correct)

Highly speculative

Related to underlying contracts

Which term best describes the nature of activities associated with commercial activity in the context of the text?

Commercial (correct)

Charitable

Speculative

Non-profitable

What is a characteristic of speculative transactions based on the provided text?

Highly profitable Signup and view all the answers

How would you define a trader based on their activities?

Conducting commercial activities for profit Signup and view all the answers

What is the assumption regarding acts performed by a trader?

They are deemed to relate to his trade unless proven otherwise Signup and view all the answers

Which type of transactions are undertaken with the intention of generating profit?

Speculative transactions Signup and view all the answers

What type of transactions become commercial when carried out by a trader in the course of his business?

Speculative transactions Signup and view all the answers

Who can engage in speculative transactions?

Any person, even if not a trader Signup and view all the answers

In the context of the text, what defines a transaction as commercial?

It is conducted by a trader in his business activities Signup and view all the answers

What transforms ordinary transactions into commercial ones according to the text?

The participation of traders in business activities Signup and view all the answers

What does the text imply about activities related to a trader's trade?

They are generally deemed to relate to his trade Signup and view all the answers

Which term best describes a person who engages in transactions to make a profit and is considered a key figure in commercial activities?

Trader Signup and view all the answers

In what ways can speculative transactions be characterized?

As actions taken with the aim of generating profit Signup and view all the answers

What distinguishes a trader from other individuals engaging in transactions?

Participation in business activities Signup and view all the answers