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A bill of sale is a document that transfers ownership of goods from one person to another. It is used in situations where the former owner transfers possession of the goods to a new owner.
Mr Couch had a company that borrowed $6,000 from Branch Investments on a 3-month loan to purchase a yacht for $4,000, with a further $2,000 to fix it. This transaction was processed as a hire purchase, which was a sham, due to the fact that Branch Investments were not in the business of selling yachts, for which he personally guaranteed the debt. 20 days into the loan, the boat subsequently ...
The sale and purchase of ship is an important aspect of the shipping industry. It may involve large amounts of money and requires brokers to possess knowledge of types of vessels and their function, knowledge of maritime law, as well experience in bargaining .
A boat purchase can be initially thrilling but lead to regret. Thomas Jepsen of Passion Plans is a buyer who doesn’t use his boat nearly as often as he expected. “It's much better to simply ...
Boat loans are a type of installment loan that is used specifically for the purchase of a vessel. These loans can be secured or unsecured and typically have repayment terms of two to 15 years.
The main terms of an agreement, such as expenditure, timescale and risks involved in shipbuilding, are better to record in written form. In order to create an enforceable agreement, the essential elements for an agreement to form a legally binding contract must be presented, they are: offer; acceptance; consideration; privity of contract