Commercial Sales Contracts: Legal Regulation and Obligations
1. Laws Affecting Commercial Sales Contracts
Hire purchase of furniture ActConsumer Credit Act 1995Defense Act of 1984 (users and consumers)Regulation of the general conditions of recruitment, 1998Law 23/2003 (Guarantees in the Sale of Consumer Goods)Law of the Retail Trade (LOCMOS)Law 3/2004 (Measures to combat late payment in commercial transactions)
2. Qualification of the Contract
Commercial Nature (Arts. 325 and 326 C. of c.)
The elements that comprise the legal definition are buying things for resale, aiming for profit on resale. A commercial sale contract is one where the buyer intends to resell for profit, regardless of being a merchant. It excludes buying for own consumption. The buyer's intention to resell is key, especially if they are
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