Bailment – NBC Institute

BL – Nov 2011 – L1 – SB – Q3b – Hire Purchase and Consumer Credit Transactions

Defining a hire purchase agreement and explaining its essential features.

Question

Define “hire purchase agreement” and explain THREE of its essential features.

Answer

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Tags: Bailment, Contract, Hire Purchase, Property in Goods
Level: Level 1

Topic: Hire Purchase and Consumer Credit Transactions
Series: NOV 2011

BL – Nov 2011 – L1 – SA – Q3 – Law of Contract

Understanding bailment in a sale agreement when property in goods may pass to the buyer.

Question

The bailment of goods in pursuance of an agreement under which the property in the goods will or may pass to the buyer is ……………………………..

Answer

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Tags: Bailment, Sale of Goods, Transfer of Property
Level: Level 1

Topic: Law of Contract
Series: NOV 2011

BL – Nov 2014 – L1 – SA – Q17 – Hire Purchase and Consumer Credit Transactions

Identify the incorrect characteristic of a Hire Purchase contract.

Question

Generally, a Hire Purchase contract has the following characteristics EXCEPT
A. Bailee and Bailor
B. Written agreement
C. Deposit of a specified sum of money
D. Possession of goods by the hirer
E. The agreement that cannot be terminated

Answer

Find Related Questions by Tags, levels, etc.

Tags: Bailment, Consumer Credit, Contracts, Hire Purchase
Level: Level 1

Topic: Hire Purchase and Consumer Credit Transactions
Series: NOV 2014

BL – May 2024 – L1 – SA – Q9 – Hire Purchase and Consumer Credit Transactions

Identify the type of contract where goods are bailed with an option to buy.

Question

An agreement for the bailment of goods with an option to buy the goods is a contract of:

A. Sale of goods
B. Hire purchase
C. Pledge
D. Mortgage
E. Conditional sale

Answer

Find Related Questions by Tags, levels, etc.

Tags: Bailment, Consumer Credit, Contract Law, Hire Purchase
Level: Level 1

Topic: Hire Purchase and Consumer Credit Transactions
Series: MAY 2024

BL – Nov 2011 – L1 – SB – Q3b – Hire Purchase and Consumer Credit Transactions

Defining a hire purchase agreement and explaining its essential features.

Question

Define “hire purchase agreement” and explain THREE of its essential features.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Bailment, Contract, Hire Purchase, Property in Goods
Level: Level 1

Topic: Hire Purchase and Consumer Credit Transactions
Series: NOV 2011

BL – Nov 2011 – L1 – SA – Q3 – Law of Contract

Understanding bailment in a sale agreement when property in goods may pass to the buyer.

Question

The bailment of goods in pursuance of an agreement under which the property in the goods will or may pass to the buyer is ……………………………..

Answer

Find Related Questions by Tags, levels, etc.

Tags: Bailment, Sale of Goods, Transfer of Property
Level: Level 1

Topic: Law of Contract
Series: NOV 2011

BL – Nov 2014 – L1 – SA – Q17 – Hire Purchase and Consumer Credit Transactions

Identify the incorrect characteristic of a Hire Purchase contract.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Bailment, Consumer Credit, Contracts, Hire Purchase
Level: Level 1

Topic: Hire Purchase and Consumer Credit Transactions
Series: NOV 2014

BL – May 2024 – L1 – SA – Q9 – Hire Purchase and Consumer Credit Transactions

Identify the type of contract where goods are bailed with an option to buy.

Question

An agreement for the bailment of goods with an option to buy the goods is a contract of:

A. Sale of goods
B. Hire purchase
C. Pledge
D. Mortgage
E. Conditional sale

Answer

Find Related Questions by Tags, levels, etc.

Tags: Bailment, Consumer Credit, Contract Law, Hire Purchase
Level: Level 1

Topic: Hire Purchase and Consumer Credit Transactions
Series: MAY 2024

Question Tag: Bailment

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BL – Nov 2011 – L1 – SB – Q3b – Hire Purchase and Consumer Credit Transactions

Defining a hire purchase agreement and explaining its essential features.

BL – Nov 2011 – L1 – SA – Q3 – Law of Contract

Understanding bailment in a sale agreement when property in goods may pass to the buyer.

BL – Nov 2014 – L1 – SA – Q17 – Hire Purchase and Consumer Credit Transactions

Identify the incorrect characteristic of a Hire Purchase contract.

BL – May 2024 – L1 – SA – Q9 – Hire Purchase and Consumer Credit Transactions

Identify the type of contract where goods are bailed with an option to buy.

BL – Nov 2011 – L1 – SB – Q3b – Hire Purchase and Consumer Credit Transactions

Defining a hire purchase agreement and explaining its essential features.

BL – Nov 2011 – L1 – SA – Q3 – Law of Contract

Understanding bailment in a sale agreement when property in goods may pass to the buyer.

BL – Nov 2014 – L1 – SA – Q17 – Hire Purchase and Consumer Credit Transactions

Identify the incorrect characteristic of a Hire Purchase contract.

BL – May 2024 – L1 – SA – Q9 – Hire Purchase and Consumer Credit Transactions

Identify the type of contract where goods are bailed with an option to buy.

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BL – Nov 2011 – L1 – SB – Q3b – Hire Purchase and Consumer Credit Transactions

Defining a hire purchase agreement and explaining its essential features.

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BL – Nov 2011 – L1 – SA – Q3 – Law of Contract

Understanding bailment in a sale agreement when property in goods may pass to the buyer.

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BL – Nov 2014 – L1 – SA – Q17 – Hire Purchase and Consumer Credit Transactions

Identify the incorrect characteristic of a Hire Purchase contract.

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BL – May 2024 – L1 – SA – Q9 – Hire Purchase and Consumer Credit Transactions

Identify the type of contract where goods are bailed with an option to buy.

You're reporting an error for "BL – May 2024 – L1 – SA – Q9 – Hire Purchase and Consumer Credit Transactions"

BL – Nov 2011 – L1 – SB – Q3b – Hire Purchase and Consumer Credit Transactions

Defining a hire purchase agreement and explaining its essential features.

You're reporting an error for "BL – Nov 2011 – L1 – SB – Q3b – Hire Purchase and Consumer Credit Transactions"

BL – Nov 2011 – L1 – SA – Q3 – Law of Contract

Understanding bailment in a sale agreement when property in goods may pass to the buyer.

You're reporting an error for "BL – Nov 2011 – L1 – SA – Q3 – Law of Contract"

BL – Nov 2014 – L1 – SA – Q17 – Hire Purchase and Consumer Credit Transactions

Identify the incorrect characteristic of a Hire Purchase contract.

You're reporting an error for "BL – Nov 2014 – L1 – SA – Q17 – Hire Purchase and Consumer Credit Transactions"

BL – May 2024 – L1 – SA – Q9 – Hire Purchase and Consumer Credit Transactions

Identify the type of contract where goods are bailed with an option to buy.

You're reporting an error for "BL – May 2024 – L1 – SA – Q9 – Hire Purchase and Consumer Credit Transactions"

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