0
What else can I help you with?
What do you call a person who lends money and keeps goods as security?
Pawnbrokernoun: A person who lends money at interest on the security of an article pawned.
The right of ownership to goods is known as?
Title
Why is it important to ascertain the time at which the property in goods passes from the seller to the buyer?
Determining when property in goods passes from the seller to the buyer is crucial for establishing legal ownership and responsibility for the goods. It affects the parties' rights and obligations, including risk of loss, liability for damages, and the ability to transfer or encumber the goods. This clarity is essential in commercial transactions to prevent disputes and ensure proper fulfillment of contractual agreements. Additionally, it has implications for tax liabilities and compliance with legal requirements.
What is Hire-Purchase System characteristics?
There are some salient characterisitics to the Hire-Purchase System. The cash price of goods is paid in installment on agreed terms. The title to goods passes on last payment. The Hire Vendor (Seller) can take possession of goods if Hirer fails to pay an installment. The Hirer is not responsible for risk of loss of goods, till the ownership is transferred. The Hirer cannot mortgage, hire or sell or pledge the goods. The Hirer has got a right to terminate the agreement at any time before the property so passes.
The orderly transfer of goods and services is --------- utility?
ownership
What does title of goods mean?
Title of goods refers to ownership rights over a product or commodity. When title of goods is transferred, it means that legal ownership has changed hands from one party to another. This change typically occurs when goods are purchased or sold.
Why should the courts give priority to the actual sales contract when determining when the ownership of goods passes from seller to buyer?
Hello, In order to give you the best answer can you please put your question into context? What is this in regards to? House, car?
What is a trade?
A trade involves the transfer of the ownership of goods and services
Is the study of how goods services and wealth are produced?
Economics is about the production and distribution and ownership and taxation of goods, services, and wealth.
What two characteristics must goods have in order for ownership of them to be transferred?
For ownership of goods to be transferred, they must be identifiable and deliverable. Identifiability ensures that the specific goods are clearly defined and distinguishable from others, while deliverability allows for the physical transfer of possession from one party to another. These characteristics facilitate a clear and enforceable exchange of ownership rights.
The orderly transfer of goods and services is what kind of utility?
d. ownership
To trade for goods and services?
barterThe trade goods and service means to transfer the ownership of something. This could be trading many different goods that you own.
