Notes, summaries, assignments, exams, and problems for Law & Jurisprudence

Commercial Law Content

The content of the second commercial is synthesized as follows:

• Regulation of the employer and its legal status
• Company Law
• Law of obligations and commercial contracts
• Law of securities
• Bankruptcy law
• Competition law and industrial property

Sources of Commercial Law

The commercial law system participates in the formal sources of our legal system which, remember, according to Art. 1 CC is the law, custom, and general principles of law. However, Art. 2 BCC provides a specialty in the hierarchy of sources. Specifically, Article 2Cco provides that acts of trade are governed by: 1, by the provisions contained therein, failing that, that is, if no applicable provision 2nd custom or usage by commercial (commercial uses) and 3rd the absence... Continue reading "Commercial Law: Employer Status, Sources, and Key Concepts" »

Heritage National Institute of Land Transport

Article 24: Assets of the National Institute of Land Transport

The assets of the National Institute of Land Transport are composed of:

1. Those movable and immovable property, rights, and shares which were transferred at the time of its creation.
2. All those movable and immovable property, income, rights, and shares it acquires in accordance with the law.

Income of the National Institute of Land Transport

Article 25: Income Sources

The income of the National Institute of Land Transport consists of:

1. All income earned as a result of its management, as well as the product of its economic activities with natural or legal persons, domestic or foreign.
2. The income from fines and records reviews conducted by the Technical

What is the principle of promptness in administrative procedure? It obliges the authorities and officials of the organs of state administration to act on their own initiative in the initiation of the procedure in question and its continuation, with expedited procedures to process the file and remove obstacles that affect its prompt and proper decision.

What is Rejection in the administrative procedure? Any interested party may waive a right or withdraw its request if it is not prohibited by law. If the procedure was initiated by two or more stakeholders, abandonment or waiver applies only to those who have made it.

What is the expiration of the administrative procedure? It is a form of punishment of the petitioner for failure to provide records... Continue reading "Key Principles of Administrative Procedures" »

Item 7: Public Companies

Public Enterprise Initiative

State intervention and public administrations through their firms in the economy are addressed in Article 38 of the European Community (EC) Treaty. This article recognizes the freedom of enterprise within the market economy. Public authorities guarantee and protect freedom of enterprise, in accordance with the requirements of the general economy and planning.

Article 128 EC establishes the possibility of public initiative, stating: "Public initiative recognizes economic activity. By law, resources can be reserved for public service or essential services, and intervention in companies may be agreed upon for reasons of general interest."

Conclusions:

• There may be areas that do not allow the involvement