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What else can I help you with?
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 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 contract to hire-corp to corp?
It means Will be working on contract with or through another corporation with the option to hire
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.
Difference between sales and hire purchase?
1. In a sale, property in the goods is transferred to the buyer immediately at the time of contract, whereas in hire-purchase, the property in the goods passes to the hirer upon payment of the last installment. 2. In a sale, the position of the buyer is that of the owner of the goods but in hire purchase, the position of the hirer is that of a bailee till he pays the last installment. 3. In the case of a sale, the buyer cannot terminate the contract and is bound to pay the price of the goods. On the other hand, in the case of hire-purchase, the hirer may, if he so likes, terminate the contract by returning the goods to its owner without any liability to pay the remaining installments. 4. In the case of a sale, the seller takes the risk of any loss resulting from the insolvency of the buyer. In the case of hire purchase, the owner takes no such risk, for if the hirer fails to pay an installment, the owner has the right to take back the goods. 5. In the case of a sale, the buyer can pass a good title to a bonafide purchaser from him but in a hire-purchase, the hirer cannot pass any title even to a bonafide purchaser. 6. In a sale, sales tax is levied at the time of the contract whereas in a hire-purchase, sales tax is not leviable until it eventually ripens into a sale (K.L. Johar & Co. vs. Dy. Commercial Tax Officer).
