Hi frnds,
can any one tell, with whom the risk & rewards in goods/ assets vest in case of Hire purchase system?
sKY....
Hi frnds,
can any one tell, with whom the risk & rewards in goods/ assets vest in case of Hire purchase system?
sKY....
with purchaser, but not with vendor. only ownership vests with vendor.
With purchaser, but ownership with vendor only till last installment is paid.
Dear Friend,
I do agree with the gandham spruthi
CAclubindia
