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It is what an American would call, "installment plan buying".
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∙ 14y ago
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What contracts are considered to be specialty contracts?
Hire purchase contract/installments contract. lease
Why would a company use hire purchase?
The legal term for hire purchase is a contract. Companies may prefer using hire purchase because it spreads the costs of expensive items over a period of time.
What are some financial options offered by Chrysler?
Some financial options offered by Chrysler include Personal Contract Hire, Baloon Hire Purchase and Hire Purchase. You can get more information about these options online at the Chrysler website.
How is hire purchase and mortgage alike?
it is alike becaue both buyer and seller must sign the contract
What is hire purchase?
Hire purchase(frequently abbreviated to HP) is the legal term for a contract, in cases where a buyer cannot afford to pay the asked price for an item of property as a lump sum but can afford to pay a percentage as a deposit, a hire-purchase contract allows the buyer to hire the goods for a monthly rent. When a sum equal to the original full price plus interest has been paid in equal installments, the buyer may then exercise an option to buy the goods at a predetermined price (usually a nominal sum) or return the goods to the owner.
How do you make a contract?
hire a contractor hire a contractor
What is contract to hire-corp to corp?
It means Will be working on contract with or through another corporation with the option to hire
What distinguishes hire purchase contract from contract of sale on credit terms simple hire pledge and chattel mortage with particular regard to transfer of property in the goods?
You need to find the differences in law where you live. You should ask a lawyer as rules are different in different places.
What is hire purchase system?
Hire purchase(frequently abbreviated to HP) is the legal term for a contract, in cases where a buyer cannot afford to pay the asked price for an item of property as a lump sum but can afford to pay a percentage as a deposit, a hire-purchase contract allows the buyer to hire the goods for a monthly rent. When a sum equal to the original full price plus interest has been paid in equal installments, the buyer may then exercise an option to buy the goods at a predetermined price (usually a nominal sum) or return the goods to the owner.
When was the Origin or development of hire purchase?
origin and development of hire purchase
Which companies provide contract van hire services?
Many companies provide contract van hire services. A few of the companies that provide contract van hire services include SmartHire, ApplegateVanHire, and AllianceVanHire.
Where is the term Business Contract Hire commonly used?
The term Business Contract Hire is commonly used in the UK. Business Contract Hire is used to describe a vehicle operating lease. Contracts can range from 12 to 60 months.
