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Legal Implications of Business Activity Quiz

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Legal Implications of Business Activity Quiz

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Questions and Answers

Which of the following is a legal rule for activating the credit component in business activity?

Immediate payment without any grace period

Exemption from paying interest on delayed payments

Solidarity of civilians with a commercial debt (correct)

Unlimited postponement of debt repayment

Under what conditions can a judge grant a debtor a grace period for repaying a debt?

If the debtor is late by any amount of time

If the debtor requests it regardless of the circumstances

If the debt is related to civil matters only

Only if the creditor suffers serious damage from the postponement (correct)

What is the compensation for delayed payment in commercial matters according to the legal rules?

5% interest (correct)

10% interest

2% interest

8% interest

In what type of business activity is immediate payment without any grace period required?

All types of business (C) Signup and view all the answers

What is the percentage of interest for delayed payments in civil matters according to legal rules?

4% (B) Signup and view all the answers

What is the purpose of bankruptcy in commercial matters?

To distribute the debtor's property to creditors (B) Signup and view all the answers

How should a debtor be notified of the notice of payment in commercial matters?

By official warning or registered letter with acknowledgment of receipt (C) Signup and view all the answers

In domestic jurisdiction, which court is generally competent to hear a dispute?

The court in whose district the debtor's domicile is located (A) Signup and view all the answers

What is the purpose of notification in commercial matters?

To inform the debtor of payment default (D) Signup and view all the answers

What is the primary means of urgency for notification in commercial matters?

Telegram or telex (D) Signup and view all the answers