Group 05

How many forms of commercial processing are there?

• 2

• 3

• 4

• 5

Agents are not allowed to decide on their own the selling price of the goods for which they act as agents?

• Wrong

• Right

Answer explanation

Clause 4 Article 174 of Commercial Law 2005

To decide on goods sale prices or service charge rates for customers, for off-take agents;

The principal is responsible for the quality of the goods and services delivered to the agent.

• Right

• Wrong

• According to the agreement of both parties

Answer explanation

According to Clause 2, Article 173, Commercial Law 2005, To bear responsibility for quality of goods of goods sale or purchase agents, and quality of services of service-providing agents;

What is the object of the processing contract?

• a. Secondary items accompany the main item

• b. Any object

• c. The object is predetermined according to the model, according to the standards agreed upon by the parties or according to the law

• d. Consumables

Answer explanation

According Article 543 of Civil Code 2015, The objects of a processing contract are those which are pre-determined according to the specimens and standards agreed upon by the parties or prescribed by law.

In a commercial agency contract, how is the penalty for violation specified?

• a. Maximum 8% of contract value.

• b. As agreed by the parties but not exceeding 20% ​​of the contract value.

• c. As agreed by the parties, but not more than 8% of the value of the violated contractual obligation.

Answer explanation

According Article 301,The fine level for a breach of a contractual obligation or the aggregate fine level for more than one breach shall be agreed upon in the contract by the parties but must not exceed 8% of the value of the breached contractual obligation portion, except for specified cases in Article 266 of this Law.

Choose the correct answer:

• a. All types of goods can be processed, except those attached to land.

• b. All types of goods can be processed, except for goods banned from business.

• c. Both a and b are correct.

Answer explanation

According clause 1 article 180 of Commercial Law, Goods of all types can be processed, except for goods banned from business.

Beside that, clause 2 article 3 of Commercial Law, all types of movables, including those to be formed in the future; and things attached to land;