Question

seema sold her old kitchen appliances at old& had also made some profit in the process. In context of above statement

1 will this transaction be constituted as a business activity? Why or why not?

2 mention the characteristics of business referred to in the above case

3 Briefly explain the two other features of business not discussed above​

Answer 1

Answer:

$\huge\underbrace\bold\red{AnsWer}$

it will be in above form

1. 2
2. 1
3. 3

Answer 2

Answer:

Conducting an isolated transaction that is complete within 30 days and that is not one in the course of repeated transactions of a like nature does not constitute doing business for qualification purposes. Many states have adopted this provision without any changes and others have altered the time limitation.

Answer:

Reema bought a new house recently. She plans to shift there in a week's

time. Therefore, she has sold off her old kitchen appliances on OLX. She

made some profit in the process. In the context of the above case-

a. Will this transaction be constituted as business activity?

b. Explain why or why not by referring to a characteristic of business

activities?

c Mention the other characteristics of business.