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Replace Conditional Fields from the Stock Purchase Agreement

Replace Conditional Fields from the Stock Purchase Agreement and eSign it in minutes

Aug 6th, 2022

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Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

What are the different types of hire purchases?

There are two main types of hire purchases based on the functional purpose of the asset involved. These types are the consumer and industrial hire purchase agreements.

What type of finance is hire purchase?

Hire purchase is a way to finance buying a new or used car. You (usually) pay a deposit and pay off the value of the car in monthly instalments, with the loan secured against the car. This means you dont own the vehicle until the last payment is made.

How many methods are there in hire purchase?

There are four methods of accounting for hire purchase. Under cash price method, we are deal hire purchase transactions just like normal transactions.

What is the difference between a hire purchase and a conditional sale?

A Conditional Sale agreement is the same as Hire Purchase, except that you will automatically own the car once the finance has been repaid in full.

What is an example of hire purchase system?

For example in a hire purchase transaction, apart from down payment, four other instalments are payable. The interest will be calculated first on the 4th instalment, then on the 3rd instalment, then on the 2nd instalment and lastly on the 1st instalment. Interest on down payment will be nil.

What is a conditional share purchase agreement?

A conditional sales agreement is a financing arrangement where a buyer takes possession of an asset, but its title and right of repossession remain with the seller until the purchase price is paid in full.

What are the different types of purchase agreements?

Types of Purchase Agreements There are four primary types of purchase orders. The difference is between them is essentially based on how much information is known at the time the order is made. The four types are standard purchase orders, planned purchase orders, blanket purchase orders, and contract purchase orders.

What are the two components of hire purchase?

The main features of a hire purchase agreement are as below: 1. The payment is to be made by the hirer (buyer) to the hiree, usually the vendor, in installments over a specified period of time. 2. The possession of the goods is transferred to the buyer immediately.

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