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12y ago
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Vilakati Welile

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2y ago
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Vanessa Mandona

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2y ago
It's an agreement to sale

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Q: What are the similarities between sale of goods and hire purchase agreement?
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Related questions

What are some similarities between mixed and market systems?

they have goods and services


What is the difference between sale of goods and an agreement of sale of goods?

A sale concludes with the delivery of the goods to the purchaser. If that has not yet been done, it is only an agreement which has yet to be completed (an executory contract).


What is an agreement in which one company purchase the right to sell another companys goods and services?

A franchise :)


What is the difference between sale and higher puarchase?

sale refers to the ownership of the goods will transfer at the time of agreement itself. it is to seller to buyer. higher purchase refers to the payment made by the installment bases so the ownership of the goods will transfer after the payment of last installment is called higher purchase....


What is credit purchase?

purchase of goods against an agreement to pay amount on future determine time period


What is the difference and similarities between goods and services in marketing?

gooods are tangible while services are not


What are similarities and differences between common goods public goods private goods and natural monopolies?

Public goods are non-excludable, so they suffer from a free-rider problem.


Distinguish between the Bailment and hire purchase?

1. hire purchase(HP) is an agreement of hire, whereas credit sales is an agreement of sale. 2. ownership of goods is transferred from hire vendor to hire purchaser only when the last installment is paid, but in sales, ownership is transferred immediately to the buyer. 3. price is paid by the hire purchaser through installment which is treated as hire, but in sales price is paid in lumpsum or according to the agreement of sale. 4. the hire vendor can repossess the goods on default. but in sales the seller cannot take back the goods, whatever is the case.


What are the differences between hire purchase and conditional sale agreement sales?

Sale of goods on most instances is on a cash basis, whereas on hire purchase, a client pays a certain percentage of the price for an item and pays the rest in installments as agreed with the seller.


What is similarities between sales book and purchase book?

Both sales book and purchase book are used to record transactions in a business. They both help in tracking the inflow and outflow of goods/services in the business. Additionally, they are both considered as subsidiary books in accounting.


What are the terms and agreement of professional contracts?

Goods or services must be offered and an agreement struck between theparties to pay or reimbuse for the good or service.


What is the difference between hire purchase and credit sales?

1. hire purchase(HP) is an agreement of hire, whereas credit sales is an agreement of sale. 2. ownership of goods is transferred from hire vendor to hire purchaser only when the last installment is paid, but in sales, ownership is transferred immediately to the buyer. 3. price is paid by the hire purchaser through installment which is treated as hire, but in sales price is paid in lumpsum or according to the agreement of sale. 4. the hire vendor can repossess the goods on default. but in sales the seller cannot take back the goods, whatever is the case. 9634357689