21:52
i personally think it should be an 8 year term with a term limit of 3 terms. so 24 years total. and one's position can be given to another candidate as well, doesn't just always go to the incumbent
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Simple English definitions for legal terms
business transaction
Read a random definition: stickering
A quick definition of business transaction:
Business transaction: A business transaction is when someone does something that affects their money or business. This can include making a deal or signing a contract.
A more thorough explanation:
A business transaction is an action that impacts a person or company's financial or economic interests. This can include making a contract, buying or selling goods or services, or exchanging money.
For example, when a customer purchases a product from a store, it is considered a business transaction. The customer is exchanging money for the product, and the store is receiving payment for the goods sold.
Another example of a business transaction is when a company hires an employee. The employee is providing their services in exchange for a salary, which impacts both the employee's and the company's financial interests.
Overall, a business transaction is any action that involves the exchange of money, goods, or services and has an impact on the financial interests of the parties involved.