Hire-purchase concerns two elements - bailment and sale in the ...
Hire-Purchase Explained: Bailment and Sale Elements, Sale Happens When Buyer Meets Terms and Opts to Purchase.
November 22, 2012
Case Laws Income Tax HC
Hire-purchase concerns two elements - bailment and sale in the sense that it visualizes an eventual sale which fructifies when the option is exercisable by the purchaser after fulfilling the terms of the agreement. - HC
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