PerfectHome, a trading name of Temple Finance Limited, provides household goods to customers on hire purchase agreements.
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They buy consumer goods on hire purchase, and take loans for coming-of-age ceremonies or to cover family illnesses.
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Now businesses supplying consumers with everything from mobile phones to clothing, motorbikes and cars bought on hire purchase are feeling the squeeze.
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In Nachchikuda, a coastal village, Sri Sundara Gowri sits in her front yard—not far from the satellite dish she bought on hire-purchase—and relates how she had five loans, three of which have been at last paid off.
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The liquidator brought an action under section 214 and under section 212 claimed back money used to get the second car on hire purchase, which it said was not needed for the business; cash sums withdrawn in June and July 1987 and transactions between the company and the firm Mr Meredith left to work with.
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A rogue went to a dealer to buy a Mitsubishi Shogun on hire purchase. The rogue told them that his name was Mr Patel and produced Mr Patel’s driving licence. The dealer communicated with Shogun Finance, which did a credit check on Mr Patel. Finding no problems, Shogun Finance authorized the hire purchase agreement and the rogue drove away.
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There were five passenger trains each way weekdays, and the journey time was 15 minutes. Branch trains used a bay platform at Chathill NER station. An 0-6-0 saddle tank locomotive was obtained from Manning Wardle on hire purchase as no money was available for an outright purchase. The locomotive was given the name Bamburgh.
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Wyman took piano lessons from age 10 to 13. A year after his marriage on 24 October 1959 to Diane Cory, an 18-year-old bank clerk, he bought a Burns electric guitar for £52 () on hire-purchase, but was not satisfied by his progress.Wyman 1990. pp. 82–84. He switched to bass guitar after hearing one at a Barron Knights concert.
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Ilona Koponen (Kati Outinen), a head waitress at Dubrovnik restaurant, is married to Lauri (Kari Väänänen), a tram driver. They live in a small, modestly furnished apartment in Helsinki. As they come home from work late one night, Lauri surprises Ilona with a television which he purchased on hire purchase. They talk about whether they can meet their financial obligations, but agree that the TV payments are manageable.
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The liquidator of Purpoint Ltd, a printing business, sued the former director Mr John Henry Meredith for wrongful trading and misfeasance under the Insolvency Act 1986 sections 212 and 214. Purpoint Ltd started trading in February 1986, with a plant and machinery, a printing press and two cars on hire purchase. Mr Meredith got a salary. Mr Meredith admitted the company was unable to pay its debts from December 1986.
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In November 1933 this was allocated to the North Sunderland line. It was not possible to fit air brakes on the small locomotive, but the passenger trains on the branch were not fitted with continuous brakes anyway. The locomotive was purchased on hire purchase for £1,850. North Sunderland Railway mixed train from Seahouses at Chathill, 1939 Management of the line was taken over by the LNER in 1939. Trains took 20mins.
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The claimants wished to trade in their old van for a new van with the defendants. They agreed a price for the old van’s trade in, but only that they would pay for the new van ‘on hire purchase terms’ for two years. The defendants subsequently pulled out of the agreement, and when the claimants attempted to sue, the defendants argued that the agreement could not be enforced because it was too uncertain.
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Jurists specialising in international law and private international law use Ruritania and other fictional countries when describing a hypothetical case illustrating some legal point.Cf., e.g. Adrian Briggs, The Conflict of Laws, 3rd edition 2013, p. 305: ″[T]he question whether A obtained good title to a camera which he bought in Ruritania is governed by Ruritanian law, even if the camera had been delivered on hire purchase terms or under a conditional sale to A's seller in England.
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"I heard that Stuart had painted his room" by Norman Allanson triumphpc.com. Retrieved 26 November 2007 After talking to Sutcliffe one night at the Casbah Coffee Club (owned by Pete Best's mother, Mona Best), Lennon and McCartney persuaded Sutcliffe to buy a Höfner President 500/5 model bass guitar on hire-purchase from Frank Hessey's Music Shop."The Beatles Anthology" (DVD) 2003 (Episode 1 – 0:28:02) Harrison and McCartney talking about Sutcliffe's first bass guitar.Sutcliffe's President Bass rockmine.com.
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Stephen John Pearce was born in 1962 and came from Haverhill. He left school at sixteen with no qualifications and entered a work training placement with sub contracted distribution company distributing Phonogram Records. His mother purchased a mobile disco unit on hire purchase and Stevo began a Monday-night residency at the Chelsea Drugstore in London's King's Road.Marc Almond, Tainted Life, Sidgwick & Jackson Around this time he was banned from playing certain clubs due to his eccentricities.
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Ian works out that Ali started the fire deliberately and uses the situation to his advantage, forcing Ali to sign the cafe over to him. This causes a feud between them when Ali neglects to mention that the kitchen utilities were bought on hire purchase and are later repossessed. Ali struggles with juggling work and parental responsibilities. He has to resign from Frank Butcher's (Mike Reid) car lot when he discovers his child-minder is neglecting his son.
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When the SLNCR closed at the end of September 1957 the Loughs were still on hire purchase from their builders. Beyer, Peacock eventually sold the pair in 1959 to the Ulster Transport Authority (UTA). The UTA designated the Loughs Class Z and numbered them 26 and 27, but they continued to carry their names and nameplates. For a short while the UTA allocated both locomotives to Adelaide shed for service as shunters on the quays and Grosvenor Road goods yard.
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O'Casey made quite an impression on Hitchcock, and was the inspiration for the prophet of doom in the diner in The Birds. Sara Allgood reprised her role as Juno from the play. Barry Fitzgerald made his film debut. The tailor Mr Kelly, who repossesses Captain Boyle's new clothes (bought on hire-purchase), is portrayed by a Jewish actor and given a strong Germanic accent, although there is no indication in the original play that the character (there called Nugent) is anything other than an Irish Gentile.
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Glading also provided £60 to buy furniture on hire purchase, including a gateleg table for their large-scale photography work. Three sets of keys were cut, of which Glading kept two. During his later prosecution, Gray described some of the activities that went on. The team focussed on photography—which Glading told her was of "a very secret nature"—and began extensive testing (on local bus maps) with home-made cameras to make the end product as clear to their Russian recipients as possible.
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He was admitted as a solicitor in 1955; he was later called to the Bar at Inner Temple in 1988. Goode spent 17 years in private practice as a solicitor before turning to academia. While in practice, he wrote a series of legal textbooks. He began by writing a text on hire purchase as nothing had been written on the subject in the previous 20 years; he knew nothing about this area of law but researched it and produced a text which launched his legal writing career.
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Keegan also became involved in business, and was made Director of the Radio and Television Retailers' Association while serving as an MP. He led a delegation on behalf of the association to call on the Board of Trade to remove restrictions on hire purchase agreements."Television Traders' Deputation", The Times, 17 October 1958, p. 12. He found that this job took up an increasing amount of his time, but it was profitable work with the increase in television production during the 1950s. Keegan eventually decided to leave Parliament to concentrate on his business career.
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On 22 December 1928 he married Colleen Islay Halliwell at St Mary's Cathedral, Johannesburg. In 1930 he and Andrew Thatcher, another of Dunn's drivers, founded their own transportation company "Thatcher & Hobson", initially with a single Chevrolet 1½-tonner bought on hire purchase. They were soon running three vehicles, mainly between Broken Hill and Abercorn (now Mbala), and also gained contracts from Loangwa Concessions to transport their personnel, and later a mail contract. With the onset of Great Depression, much economic activity in the country ceased, and Thatcher & Hobson were threatened with bankruptcy.
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Christopher Carr, an academic and practising lawyer, called the implementation of Section 1 "slightly awkward", suggesting that in some ways it was more limited than the provisions contained in the Sale of Goods Act 1893 from the seller's point of view. Unlike with the 1893 Act, a seller cannot exclude the provisions, and while the right to sell can be excluded it is not clear how this might be done.Carr (1973) p.521 Turpin complimented the section on hire-purchase agreements, although noting some flaws in draftsmanship; he also questioned whether or not the protection given to consumers would be sufficient.
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In February 1892, Australia was in the midst of a depression and jobs were scarce when Rudolph Knorr was sent to prison for selling furniture he had bought on hire purchase. Pregnant and penniless, Frances decided to set up business as a child minder (or more specifically baby farming), and moved around Melbourne frequently using both her maiden and married names. Frances Knorr strangled some of the babies she could not place elsewhere or sell to childless couples. While she was living on Moreland Road in the Melbourne suburb of Brunswick, she buried a victim in the garden, then two others at her subsequent residence in Davis Street.
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The Nigerian Civil War impacted Ekene Dili Chukwu as its trucks were largely at the employ of Biafran forces, after the war, few trucks were returned. Leventis Group provided vehicles on hire purchase contract to provide footing for the firm and make a return to transportation. In 1972, after the regional transport company was fumbling, Ekene Dili Chukwu launched a large fleet of medium size Mercedes 608D and 508D buses for inter-city routes within the East Central State and to Lagos. During this time, the firm established its own bus terminals to differentiate it from other bus operators who operate in motor parks, settings than can sometimes be chaotic.
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Government of India to promote small and budding entrepreneurs of post independent India, decided to establish a government agency which can mediate and provide help to small scale industries (SSI). As such they established National Small Industries Corporation with objectives to provide machinery on hire purchase basis and assisting and marketing in exports. Further, SSIs registered with NSIC were exempted from paying Earnest money and provided facility of free participation in government tendered purchases. Also for training persons the training facilities centres and for providing assistance in modernising the small industries several branches of NSIC were opened up by government over the years in several big and small towns, where small industries were growing.
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After launching his washing machine business on the back of newspaper adverts, entrepreneur John Bloom bought the moribund shell of Rolls Razor Limited as a vehicle to grow his business. Originally the machines were manufactured in the Netherlands, but later an assembly line was set up at the company’s factory in Cricklewood, London, where prospective customers could view the process. On the back of a heavy advertising campaign, and prices 50% below those found in shops retailing products by Hoover and Hotpoint, the machines were offered on hire purchase in light of the British Government relaxing many restrictions on this type of finance. By 1962, Rolls had secured 10% of the market and was the third largest manufacturer of washing machines.
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See Walker v Boyle [1982] 1 WLR 495 An exception to the law on misrepresentation – that contracts are voidable at the instance of the misrepresentee, but the right to rescission can be barred inter alia by the intervention of third party rights – arises when someone is induced by the fraudulent misrepresentation to enter an agreement through a written document at a distance (and not when a transaction is face to face). In Shogun Finance Ltd v Hudson[2003] UKHL 62 a crook obtained Mr Patel's credit details and bought a Mitsubishi Shogun on hire purchase contract at a car dealer. Shogun Finance was faxed through Mr Patel's details, and agreed to finance the purchase of the car, letting the crook drive away.
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While agreement is the basis for all contracts, not all agreements are enforceable. A preliminary question is whether the contract is reasonably certain in its essential terms, or essentialia negotii, such as price, subject matter and the identity of the parties. Generally the courts endeavour to "make the agreement work", so in Hillas & Co Ltd v Arcos Ltd,Hillas & Co Ltd v Arcos Ltd [1932] UKHL 2 the House of Lords held that an option to buy softwood of "fair specification" was sufficiently certain to be enforced, when read in the context of previous agreements between the parties. However the courts do not wish to "make contracts for people", and so in Scammell and Nephew Ltd v Ouston,[1941] 1 AC 251 a clause stipulating the price of buying a new van as "on hire purchase terms" for two years was held unenforceable because there was no objective standard by which the court could know what price was intended or what a reasonable price might be.
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The business was impacted badly in 1974 by the three-day week, tighter government controls on hire purchase and consumer credit, and the knock-on effect of a worldwide shortage of steel and plastic. Relying on fast turnover to compensate for reduced margins (typically the company operated with only a 2% pre-tax margin), Comet was particularly vulnerable to any slump in consumer activity. Where previously it had been able to sell goods "so quickly that they are gone before the manufacturers' invoice has to be met" Comet now found itself having to dramatically revise its sales forecasts and reassess its orders. Competition from longer-established department stores and high street multiples was also growing, as Currys opened two discount warehouses (under the trading name Bridger Discount), followed by Great Universal Stores and Rediffusion. In September 1974, the group sold its television rental business to Spectra Rentals for £1.73 million, in an effort to reduce its overall debt. In 1975, Comet expanded its range of goods by purchasing the share capital of Gas Trend, a discount retailer of gas appliances, for £15,000.
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