I am a student of ICWAI (Intermediate). I looking for some
information about Rayalty and Hire Purchase.
Answer Posted / nishchinth kumar
In simple words,Royalty means A landlord gives his land to
other person on lease & the other will cultivate or take
output from that land & he will pay some fixed lease rent to
landlord.
In simple words, Hire purchase means if a person purchases
in installment from Bike showroom & the whole amount is paid
in equal installment,if the purchaser defaults his payment
then the sellor(Vendor) has full rights to bring back his
bike which he sold.
Is This Answer Correct ? | 4 Yes | 2 No |
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