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What are the lawful Acts in Commercial Trade?

What are the lawful Acts in Commercial Trade?

Answers

Kavungya
i. Trading in genuine wares and commodities.
ii. Use of standards in trade e.g. weights, measures scales to determine quality/quantity.
iii. There must be mutual trust/honesty between the buyer/customer and seller.
iv. Records of business transactions must be kept e.g. agreements
v. Sources of seed money to start business must be legitimate/halal entrepreneurship.
vi. There should be no monopoly of business if so then it must be obtained in a fair way.
vii. Prices of commodities should not be fixed. The market should decide.
viii. The customer has the right to inspect and return.
ix. The seller should disclose the defects of the commodities and let the customer to decide.
x. Customers who cannot pay promptly should be given time to pay.
xi. Excessive swearing is not allowed in business.
xii. There should be mutual consent between buyer and seller.
Kavungya answered the question on June 21, 2019 at 07:11

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