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What are the principles under the doctrine of binding precedent? When it comes to deciding on case, judges do not decide solely on their own. They are bound to follow certain accepted principles which are commonly known as “the doctrine of binding precedent”. The doctrine …
Acceptance Of Islamic Hire Purchase Facility: A Case Study among staff In Jabatan Pelajaran Negeri Kelantan, Kota Bharu 2012 CHAPTER ONE: 1. 0 INTRODUCTION OF THE STUDY INTRODUCTION The Islamic concept of Al-Ijarah Thumma al-bay’ refers to lease or hire or rent ending with purchase. …
HIRE PURCHASE a) Sam is a successful second hand dealer. He decides to reward his staff buys buying a fridge and a microwave oven for their use. He wants to enter into a hire purchase agreement to help him finance the two goods. Advise Sam …
Business LawContractGoodsHire Purchase
Words 1838
Pages 8
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A hire purchase, also known as an installment plan or the never-never, is an arrangement whereby a customer agrees to a contract to acquire an asset by paying an initial installment and repays the balance of the price of the asset plus interest over a period of time.
A hire purchase plan is a way to buy expensive goods that you might not otherwise find the money to afford. You will "rent" an item on a monthly basis until the total of your payments exceeds the purchase price plus interest.
What are the features of hire purchase?
Hire purchase is the sale of goods on terms where payment is made in installments.
