Guarantee Of Performance Of Hire Purchase Agreement By The Hirer

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 […]

Hire purchase agreement

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 […]