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Fetha Negest — Judgment of the Kings — CHAPTER 38 — COMMERCIAL VENTURES

Work ID: 6a9dd03c8912631918278ce0 · Chapter ID: 6a9dd03c5a99abc9d4615c0b · Canonical title: Fetha Negest — Judgment of the Kings

1

Commercial ventures may involve capital entrusted to one who travels or trades for profit. The terms concerning capital, labor, risk, and share of gain shall be established.

Passage ID 6a9dd047e86cd4ae645e57f8 · English · translation

2

The managing trader must keep the principal's property separate enough to permit accounting.

Passage ID 6a9dd047e86cd4ae645e57f9 · English · translation

3

Loss from ordinary commercial risk is distinguished from loss caused by fraud, unauthorized speculation, or gross neglect.

Passage ID 6a9dd047e86cd4ae645e57fa · English · translation

4

Secret profit belongs to the venture when it arose from use of venture property or opportunity.

Passage ID 6a9dd047e86cd4ae645e57fb · English · translation

5

Accounts shall be rendered at the agreed time or on termination.

Passage ID 6a9dd047e86cd4ae645e57fc · English · translation

6

No partner or financier may retroactively rewrite the bargain merely because the venture became unusually profitable or unprofitable.

Passage ID 6a9dd047e86cd4ae645e57fd · English · translation

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