Urgent-law

CPT 631 views 4 replies

IF A BUYER PROVIDES MATERIAL FOR PRODUCTION OF A GOOD SAY (CAR) TO A SELLER...... AND THE SELLER CHARGES RS.500.

 

THIS IS A CASE OF HIRE PURCHASE OR COST OF LABOUR ?

Replies (4)

hi gaurav.........

first of all it is not a hire purchase contract.......

secondly, where material is supplied by the buyer and the seller charges 500 ,it is clear case of labour contract.

if material is not suppplied by the buyer and the seller buys material from outside makes the product  , then it is a case of sale of goods not a contract.

This is a case of Cost of Labour.

Because in Hire Purchase the buyer gets the good say (car) in emi basis, means he pays for the car in instalment.

thank  u ppl !

u r most welcome


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