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?

<p>Highly profitable (C)</p> Signup and view all the answers

How would you define a trader based on their activities?

<p>Conducting commercial activities for profit (A)</p> Signup and view all the answers

What is the assumption regarding acts performed by a trader?

<p>They are deemed to relate to his trade unless proven otherwise (C)</p> Signup and view all the answers

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

<p>Speculative transactions (A)</p> Signup and view all the answers

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

<p>Speculative transactions (D)</p> Signup and view all the answers

Who can engage in speculative transactions?

<p>Any person, even if not a trader (C)</p> Signup and view all the answers

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

<p>It is conducted by a trader in his business activities (D)</p> Signup and view all the answers

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

<p>The participation of traders in business activities (C)</p> Signup and view all the answers

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

<p>They are generally deemed to relate to his trade (C)</p> 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?

<p>Trader (C)</p> Signup and view all the answers

In what ways can speculative transactions be characterized?

<p>As actions taken with the aim of generating profit (A)</p> Signup and view all the answers

What distinguishes a trader from other individuals engaging in transactions?

<p>Participation in business activities (B)</p> Signup and view all the answers

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