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    Hire Purchase Agreement

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    Kavitha prabhakaran
    Hire purchase is an agreement where a buyer makes a down payment on expensive goods and pays the remaining balance in installments, with ownership transferring after full payment. This document outlines the terms of a hire purchase agreement, including that the seller will sell goods to the buyer who must pay the factor according to the payment schedule. The credit terms and conditions form part of the agreement and any disputes will be governed by Estonian law.

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    © All Rights Reserved
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    Hire Purchase Agreement

    Uploaded by

    Kavitha prabhakaran
    127 views2 pages
    Hire purchase is an agreement where a buyer makes a down payment on expensive goods and pays the remaining balance in installments, with ownership transferring after full payment. This document outlines the terms of a hire purchase agreement, including that the seller will sell goods to the buyer who must pay the factor according to the payment schedule. The credit terms and conditions form part of the agreement and any disputes will be governed by Estonian law.

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    Hire purchase is an agreement where a buyer makes a down payment on expensive goods and pays the remaining balance in installments, with ownership transferring after full payment. This document outlines the terms of a hire purchase agreement, including that the seller will sell goods to the buyer who must pay the factor according to the payment schedule. The credit terms and conditions form part of the agreement and any disputes will be governed by Estonian law.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    127 views2 pages

    Hire Purchase Agreement

    Uploaded by

    Kavitha prabhakaran
    Hire purchase is an agreement where a buyer makes a down payment on expensive goods and pays the remaining balance in installments, with ownership transferring after full payment. This document outlines the terms of a hire purchase agreement, including that the seller will sell goods to the buyer who must pay the factor according to the payment schedule. The credit terms and conditions form part of the agreement and any disputes will be governed by Estonian law.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    HIRE PURCHASE AGREEMENT:

    Hire purchase is an arrangement for buying expensive consumer goods,


    where the buyer makes an initial down payment and pays the balance plus
    interest in instalments. . With hire purchase agreements, the ownership of the
    merchandise is not officially transferred to the buyer until all the payments have
    been made.

    TERMS AND CONDITIONS:

    1.Based on the hire-purchase agreement and under the terms and conditions
    therein, the Seller shall undertake to sell the Goods to the Buyer, and the
    Buyer shall undertake to pay to the Factor for the Goods under the terms and
    conditions and due dates laid down in the Payment Schedule.

    2. The type of credit to be given to the Buyer by the Seller and the Factor
    under the Service Agreement shall be hire-purchase (consumer credit for the
    acquisition of goods or the provision of service).

    3. These Service Conditions shall form an integral part of the Service


    agreement. In the event of controversies between the Service Conditions and
    the terms and conditions of the Service Conditions, the terms and conditions
    of the Service Agreement shall apply. In addition to Service Conditions the
    Service Agreement shall be governed by General Conditions, Price List and
    the Principles of Processing Customer Data as of the date of entry into the
    Service Agreement or as of the date of amendment of the Service
    Agreement. In the event of controversies between the Service Conditions
    and the General Conditions, the Service Conditions shall apply.

    4. The Factor shall have a unilateral right to change the Service Conditions
    on the bases and according to the General Conditions.

    5. Upon entry into the Service Agreement and amendment of the Service
    Agreement the Client represents and warrants that the Client has read
    through and consents to valid Service Conditions, General Conditions and
    Price List, and has read through the Principles of Processing Client Data.
    The valid Service Conditions, General Conditions, Price List and the
    Principles of Processing Client Data are available on the Website of the
    Factor.

    6. This Service Agreement shall be governed by the laws of the Republic of


    Estonia.

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