Business Studies, asked by jeet8002, 1 year ago

Difference between hire purchase bailment and sale

Answers

Answered by Ashrafali11
1
Sale and Bailment are two different types of contracts. A contract of sale is a straight forward contract where a person may buy goods, services or property from a seller in exchange for remuneration, usually in the form of money. Essentially, in abailment contract, the bailor gives the goods, assets or property to the bailee for a specific amount of time. 
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