The Importance and the Usefulness of the Concept of Stock and Trade Within the Current Legislative Framework

Released on by Smaranda Angheni
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  • The Importance and the Usefulness of the Concept of Stock and Trade Within the Current Legislative Framework Book Detail

  • Author : Smaranda Angheni
  • Release Date : 2013
  • Publisher :
  • Genre :
  • Pages : 10
  • ISBN 13 :
  • File Size : 32,32 MB
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The Importance and the Usefulness of the Concept of Stock and Trade Within the Current Legislative Framework by Smaranda Angheni PDF Summary

Book Description: In the heritage of the professional-trader, there is a “set” of goods intended to business, goods which, by their nature tangible or intangible, movable and immovable, are regarded as a fact universality (de facto) and not a legal universality (de jure).Thus, from the outset, it should be noted that stock and trade cannot be confused with the heritage, the essential difference consisting in the fact that stock and trade not only contains rights and obligations but goods intended to business that is carried out by the professional person, while the assets include all rights and liabilities that can be quantified in money belonging to it (Art. 31 C. Civil).Under these conditions, the stock-in-trade is not identified with professional dedicated assets, which, according to the Civil Code (Article 31 paragraph 3 and Art. 31 para. 1 and paragraph 2), is represented by the "fiduciary property masses, created under the provisions of Title IV III of the book, those intended to develop a licensed profession and other patrimonies determined by law "

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