purchase agreement

What Does Hire Purchase Agreement Mean?

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What Does Hire Purchase Agreement Mean? Hire purchase means a transaction where goods are purchased and sold on the terms that: (i) Payment will be made in installments, (ii) The possession of the goods is given to the buyer immediately, (iii) The property (ownership) in the goods remains with the vendor till the last installment

What Is An Important Legal Characteristic Of An Option To Buy Agreement?

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What Is An Important Legal Characteristic Of An Option To Buy Agreement? What is an important legal characteristic of an option to buy agreement? The potential buyer, the optionee, is obligated to buy the property once the option agreement is completed. The optionor must perform if the optionee takes the option, but the optionee is