Hire-Purchase and Credit Sale - Sales of good, Business Law and Ethics

Hire-Purchase and Credit Sale - Sales of good

A Credit sale is a sale on credit. Whether A buyer of goods may be unable for pay the price in full on once and the seller may let such him have possession about the goods before payment in full. Whether it is open to the seller to give credit with the buyer on whatever terms although once the owner parts possession relates the goods ownership passes immediately such to the buyer and the owner loses just all his rights against the goods.

However A sale on credit terms becomes a credit sale such like the price on the goods is payable through five or more installments. Although the property in this case passes at  payment of the first installment and like the owner loses his rights against the goods. The meaning of this is that the purchaser can give a good title such to a subsequent purchase even where that the original purchaser himself has like not yet completed the purchase so.

Posted Date: 2/1/2013 5:35:38 AM | Location : United States

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