Definition of Hire and purchase agreement. Meaning of Hire and purchase agreement. Synonyms of Hire and purchase agreement

Here you will find one or more explanations in English for the word Hire and purchase agreement. Also in the bottom left of the page several parts of wikipedia pages related to the word Hire and purchase agreement and, of course, Hire and purchase agreement synonyms and on the right images related to the word Hire and purchase agreement.

Definition of Hire and purchase agreement

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...
- 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...
- was slapdash and focused on particular areas rather than consumer credit as a whole, such as moneylenders and hire-purchase agreements. Following the...
- 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...
- of AccessVia and Twistage for a combined purchase price of approximately $31.5 million. In late August 2013, Lexmark signed an agreement to acquire Germany-based...