In a hire purchase contract the owner undertakes to hire the goods to the customer for a fixed term and to transfer the property to the latter when all installments of hire have been duly paid. The ownership in the goods continues to vest with the owner till agreed price is paid in full. Similarly‚ leasing is a method of financing the acquisition of capital equipment where the user (lessee) of the equipment selects the equipment and is allowed to use the equipment during the period of the lease
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The merger of U.S. Citizen Bank and Louisiana Purchase Bank (LPB) in 1998 resulted in a formation of a financial powerhouse possessing core competencies in commercial lending and innovation. Upon recognizing the much needed annuity-driven market potential existing within the U.S. college population‚ the LPB pioneered the student credit card program in 1989. Indeed‚ the student credit card program proved to be more profitable with net income margin around 6 percent compared to that of 4 percent for
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Problem #1 - Purchases and Cash Payments PURCHASES JOURNAL Invoice From Whom Date No. Purchased Oct 1 1235 Belk Suppliers Oct 7 7438 Greene‚ Inc Oct 12 5139 Harris Co. Date Oct Oct Oct Oct Oct 1 5 11 22 27 Check No. 142 143 144 145 146 Hollie Creech Post Ref. √ √ √ Purchases Dr Freight In Debit Debit 4‚552.00 2‚658.00 3‚877.00 11‚087.00 (501) CASH PAYMENTS JOURNAL Account Debited Post. General Ref. Debit Rent Expense √ 1‚235.00
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ASSIGNMENT – BMLW5103 MAY SEMESTER 2013 BMLW 5103- BUSINESS LAW ASSIGNMENT OBJECTIVE: To evaluate the students understanding in the element which effect free consent in a contract‚ the issues of repossession under a hire purchase agreement and the formation and dissolution of a partnership. INSTRUCTIONS: Students have to discuss all the questions and justify their answer with correct provisions under respective statutes and relevant precedents. QUESTION 1: a) “In simple language
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Texas vs. Louisiana Cheri Lane Globe University Living in Texas vs. Louisiana Texas is the second most populous and the second-largest of the 50 states in the United States of America‚ and the largest state in the 48 contiguous United States (Wikipedia‚ Texas‚ 2013). Louisiana is a state located in the southern region of the United States of America and is the 31st most extensive and the 25th most populous of the 50 United States ((Wikipedia‚ Louisiana‚ 2013). Texas and Louisiana are two different
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Popeyes Louisiana Kitchen‚ Inc. a down-home‚ Cajun-style eatery was founded in 1972. Bankrupt in 1992. Today‚ the company is not just profitable but it is the fastest-growing brand in its segment. Popeyes is the world’s second largest quick-service chicken concept based on having more than 2‚500 stores globally. This report will summarize the current marketing strategy of Popeyes Chicken. I will go into further detail about Popeyes future goals‚ fundamental business strategies‚ industry positioning
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The Gadsden Purchase was a treaty that was signed by President Antonio de Santa Anna and James Gadsden on December 30‚ 1853. The treaty said that America agreed to pay Mexico $10 million for 29‚670 square miles of land. This all started because America and Mexico couldn’t agree where the border would be. America said the Mesilla Valley was part of their country. However‚ Mexico also said that the Mesilla Valley was part of their country. America wanted the Mesilla Valley to build a transcontinental
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Purchases Cycle Figure 1-1 Purchases Cycle Purchasing Review Purchasing is a process of buying goods and services. It was done by every department of Hup Seng Industries Berhad‚ when they have the needs‚ wants‚ and demands to authorise certain goods and services. The purchases cycle starts with purchase requisition request by various departments. The purchase requisition was sent to the purchasing department. After the related suppliers were reviewed and examined by the purchasing agents‚
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SYMBIOSIS LAW SCHOOL‚ PUNE Constituent of Symbiosis International University‚ Pune (Accredited by NAAC (UGC) with `A’ Grade) Managerial Economics Internal Assessment REPORT ON ‘LEASE AND HIRE PURCHASE COMPANIES’ Submitted by SIVAGNANAM KARTHIKEYAN ROLL NO: 135 DIV ‘B’ BBA. LLB. BATCH 2013-18 LEASING A lease transaction is a commercial arrangement whereby an equipment owner or Manufacturer conveys to the equipment user the right to use the equipment in return for a rental
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prospective homeowners‚ the decision to purchase a home will be one of the biggest decisions to make in his or her lifetime. Purchasing a home can have severe financial repercussions‚ so the decision must be weighed carefully. In order to make a sound decision‚ a prospective homeowner must have full knowledge of the steps involved in making the large purchase and the potential future outcomes. The economy is the key reason to making a final decision with a home purchase. Homeowners should realize that a
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