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Anonymous
Nov 26, 2023

Define commercial transaction?

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ChatGPT
Nov 26, 2023
A commercial transaction refers to the exchange of goods, services, or money between two or more parties with the intention of making a profit. It involves the buying and selling of products or services in the marketplace, typically involving businesses or individuals engaged in trade or commerce. Commercial transactions can take various forms, such as the purchase of goods from a supplier, the provision of services to a client, or the transfer of funds between financial institutions. These transactions are governed by legal and contractual agreements and are essential for the functioning of the economy.
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