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What are the differences between hire purchase and conditional sale agreement sales?
Wiki User
∙ 9y ago
Sale of goods on most instances is on a cash basis, whereas on hire purchase, a client pays a certain percentage of the price for an item and pays the rest in installments as agreed with the seller.
Wiki User
∙ 11y ago
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None, if you meant "contract".
What are the similarities between sale of goods and hire purchase agreement?
i
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buyer and seller make written and legal agreement between them
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What is the difference between purchase agreement and closing on a house?
A purchase agreement is, well, an agreement to purchase a property. It sets the price the buyer will pay to the seller. "Closing" on a house is signing all the paperwork (and there is a lot of it!). This includes not only the purchase price, but all the fees associated with a property transfer -- title searches, taxes and the like, the details of the mortgage (the agreement between the purchaser and the lending institution), the commission to be paid to the real estate agent, etc. All that stuff in addition to the actual purchase price is "closing costs" and there is usually a separate agreement specifying which of these costs will be paid by the buyer and which by the seller. You can get writer's cramp signing all the papers at a closing!
