Hire purchase agreement

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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 »