Guarantee Of Performance Of Hire Purchase Agreement By The Hirer

Posted On & filed under Format of Legal Documents Drafting.

Guarantee Of Performance Of Hire Purchase Agreement By The Hirer To ……………………………………. ……………………………………. ……………………………………. In consideration of your agreeing to deliver at my request to Shri ……………………….. (hereinafter called the hirer) under the terms of hire purchase agreement proposed to be made between you, the goods mentioned in the Schedule hereto annexed, I the undersigned… Read more »

Hire purchase agreement

Posted On & filed under Legal Articles.

BY : HIMANSHU SETIA Introduction Purchase and sale of goods under Hire-Purchase system is governed by the Hire-Purchase Act, 1972. This Act was passed on 8th June, 1972 and came into force w.e.f. September 1, 1973. Here, the word “hire” denotes, the sum payable periodically by the hirer under a hire-purchase agreement. Under the Hire… Read more »