Exempt!!

Why do teachers think they know everything? Or that they can’t be wrong? Or that us students might actually be right?

In Corporate Law class, the teacher kept saying that a business can’t be a natural person (????), that it can only be a legal entity because blah blah. I refused to accept it and stated the opposite. She said no, and the whole gang of teacher’s-pet classmates backed her up. We agreed that if I was wrong, she’d dock me 2 points; if I was right, she’d exempt me for the semester.

By chance I found this online:

“A business is the institution or economic agent that makes decisions about the use of factors of production to obtain the goods and services offered in the market.”

That means a craftsman or a tortilla maker or anyone who produces a commercial product can be a business, right?

and later I found this on the SME dot gob dot mx site, in its Business Guides section:

“For purposes of this guide, business activities shall be understood as the following:
1.Commercial activities that have that character in accordance with federal laws.
2. Industrial activities, understood as the extraction, preservation or transformation of raw materials, finishing of products and the production of goods.3. Agricultural activities comprising planting, cultivation, harvesting and the first disposal of the products obtained, which have not been subject to industrial transformation.4.
Livestock activities, consisting of breeding and fattening of cattle, poultry and animals, as well as the first disposal of their products, which have not been subject to industrial transformation.
5. Fishing activities, including breeding, cultivation, promotion and care of the reproduction of all kinds of marine and freshwater species, as well as the capture and extraction of the same and the first disposal of those products, which have not been subject to industrial transformation.
6. Silvicultural activities, which are the cultivation of forests or woodlands; as well as the breeding, conservation, restoration, promotion and utilization of the vegetation thereof and the first disposal of the same, which have not been subject to industrial transformation.
For tax purposes, a business is considered to be a natural or legal person that carries out the aforementioned activities.”

If she objects because it’s tax-related, well excuse me, but this morning she gave us the sources of Law and Legislation is the first one 😉

Teacher, go get that pen ready 😉

Listening to A-Wrap_Brothers_-_Wild_Tour_CD-Limited_Edition-2004-XXL, feeling Happy