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If a company fails to make it's repayment under the hire purchase agreement then the loan providers can tale the goods bought under the hire purchase as settlement for the loan.
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∙ 13y ago
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What is the meaning of interest on purchase price?
It means if u have something on hire purchase over a longer period you have to pay interest .
When was the Origin or development of hire purchase?
origin and development of hire purchase
What are the advantages of hire purchase as a source of finance?
Hire purchase can give the good profit,
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.
Advantage of hire purchase?
One advantage of hire process is that it allows low-income individuals to purchase items that would otherwise be out of their budget. Hire purchase is also known as installment plan.
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 is the explanation for the features of hire purchase system?
higher purchase
Solve you a problem on hire purchase system?
caluculation of intrest under hire purchase system
What is the adjective for hire?
The verb to hire has the participle adjectives hiring and hired. For the noun hire, it can be used as a noun adjunct (hire car, hire purchase).
How did the development of hire purchase affect America in the 1920's?
The development of hire purchase, which means the purchase of goods on credit, was very prevalent during the 1920s. The ability to buy on credit, shares a part in the conspicuous consumption and easy credit to unworthy candidates that contributed to the stock market crash and the Great Depression.
What is the meaning of hp?
Hire Purchase
Hire purchase?
Paying in instalments
