Historical Development of Commercial Law
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Historical Development of Commercial Law

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Questions and Answers

What is a characteristic of commercial transactions that distinguishes them from civil transactions?

  • They are governed by public law.
  • They involve credit transactions.
  • They are swift and often involve multiple transactions. (correct)
  • They are applicable to civil companies only.

    • What is the primary distinction between public law and private law in Algeria?

  • Public law refers to rules governing state authority, while private law regulates relations among legal persons. (correct)
  • Public law governs commercial transactions, while private law governs civil transactions.
  • Public law is concerned with credit transactions, while private law is concerned with swift transactions.
  • Public law is applicable to commercial companies, while private law is applicable to civil companies.

    • What is the significance of credit feature in commercial transactions?

  • It requires special rules to meet credit requirements, such as bankruptcy and solidarity. (correct)
  • It is applicable to civil transactions only.
  • It enables swift transactions.
  • It allows for flexibility in evidence rules.

    • Why is commercial law considered a private law?

    <p>Because it regulates relations among legal persons and between these persons and the state in its capacity as an ordinary person.</p> Signup and view all the answers

    What is an example of a special provision in commercial law that accommodates the swiftness feature of commercial transactions?

    <p>Flexibility in evidence rules.</p> Signup and view all the answers

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