Here you will find one or more explanations in English for the word Hire and purchase agreement.
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Hire and purchase agreement
Hire purchase Hire purchase, or, more fully, Hire purchase
agreement Hire purchase agreement, or Hire and purchase
agreement Hire and purchase agreement (Law)
A contract (more fully called contract of hire with an option
of purchase) in which a person hires goods for a specified
period and at a fixed rent, with the added condition that if
he shall retain the goods for the full period and pay all the
installments of rent as they become due the contract shall
determine and the title vest absolutely in him, and that if
he chooses he may at any time during the term surrender the
goods and be quit of any liability for future installments
upon the contract. In the United States such a contract is
generally treated as a conditional sale, and the term hire
purchase is also sometimes applied to a contract in which the
hirer is not free to avoid future liability by surrender of
the goods. In England, however, if the hirer does not have
this right the contract is a sale.
Meaning of Hire and purchase agreement from wikipedia
-
hire purchase agreement was
developed in the
United Kingdom in the 19th
century to
allow customers with a cash
shortage to make an
expensive purchase...
-
Hire-
Purchase Act 1967 (Malay: Akta Sewa Beli 1967), is a
Malaysian law
which enacted to
regulate the form
and contents of
hire-
purchase agreements,...
- to both
personal contract hire and a
traditional hire purchase (buying on installments).
Unlike a
traditional hire purchase,
where the
customer repays...
-
lessee can
purchase the
leased item at any time
during the
agreement (in a
traditional lease the
lessee has no such right),
and from a
hire purchase/installment...
-
rather than
consumer credit as a whole, such as
moneylenders and hire-
purchase agreements.
Following the
report of the
Crowther Committee in 1971 it was...
- Renting, also
known as
hiring or letting, is an
agreement where a
payment is made for the use of a good,
service or
property owned by
another over a fixed...
-
government made the
heavier rails available for the line
under a
hire and purchase agreement and charged the
company accordingly.
Lambert criticised the state...
-
agreements could be advertised. One of the
objectives of the
Hire-
Purchase Act 1938 had been to make sure that
people entering into a
hire-
purchase agreement...
- The
Walking Purchase, also
known as the
Walking Treaty, was a 1737
agreement between the
family of
William Penn, the
original proprietor of the Province...
- Mr Patel.
Finding no problems,
Shogun Finance authorized the
hire purchase agreement and the
rogue drove away. The
rogue then sold the car to Mr Norman...