April 8‚ 2011 Carol Calhoun Faraway Township Assessor 55662 North Haven Dr Faraway‚ IL 60003 Dear Mrs. Carol Calhoun‚ Here is the report and research you asked me to complete. It compares and contrast purchasing computer equipment from leasing the equipment. I also included my recommendations on what and how our Township would benefit from. If you have any other questions or concerns with my findings or research‚ please feel free to ask. Look forward to your decision. Thank you
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1. Based on the Hire Purchase Act‚ 1967 stated that hire purchase is the hiring of goods with an option to purchase. Is it applicable to all types of goods? Explain it. Answer : A limited range of goods is covered by the Hire – Purchase Act 1967. They are listed in the First Schedule and may be varied by the Minister from time to time. The current list comprises the following : * All consumer goods * Motor vehicles‚ namely * Invalid carriages * Motor cycles * Motor cars including
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1. What are the principles under the doctrine of binding precedent? When it comes to deciding on case‚ judges do not decide solely on their own. They are bound to follow certain accepted principles which are commonly known as “the doctrine of binding precedent”. The doctrine of binding precedent required that “like cases decided alike”. If a case now before the court has facts and raises issues similar to those of a previously decided case‚ then the present case will be decided in the same way
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Acceptance Of Islamic Hire Purchase Facility: A Case Study among staff In Jabatan Pelajaran Negeri Kelantan‚ Kota Bharu 2012 CHAPTER ONE: 1.0 INTRODUCTION OF THE STUDY INTRODUCTION The Islamic concept of Al-Ijarah Thumma al-bay’ refers to lease or hire or rent ending with purchase. It is a type of lease which concludes with option to buy back which is concludes the legal title of the leased asset and will be passed to the lessee at the end of the period. It is one of the contemporary innovative
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PROJECT “Leasing as a method of Financial Management” Project defended on: __2012__ Evaluation: ______________________ Tutor’s signature: ______________________ Moscow 2012 Contents Introduction 3 1. Basic theoretical aspects of leasing 4 1.1. What leasing is 4 1.2. Types of leasing 5 1.3. Principles of leasing 7 1.4.Leasing cycle 8 2. Trends and examples of leasing 10 2.1. Green leasing 10 2.2. Structure of a leasing company 11 2.3. Reasons
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LEASING: Leasing is a process by which a firm can obtain the use of a certain fixed assets for which it must pay a series of contractual‚ periodic‚ tax deductible payments. The lessee is the receiver of the services or the assets under the lease contract and the lessor is the owner of the assets. The relationship between the tenant and the landlord is called a tenancy‚ and can be for a fixed or an indefinite period of time (called the term of the lease). The consideration for the lease is called
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Definition of ’Lessor The owner of an asset that is leased under an agreement to the lessee. The lessee makes one-time or periodic payments to the lessor in return for the use of the asset. The lease agreement is binding on both the lessor and the lessee‚ and spells out the rights and obligations of both parties. The lessor may grant special privileges to the lessee‚ such as early termination of the lease or renewal on unchanged terms‚ solely at his or her discretion. The lessor is also known as
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Leasing Leasing is a process by which a person rent property to another person with the rental contract. Lease has the same meaning as rent. Lessor and lessee are the main character in the process of leasing. Lessor Lessor is the owner of the property and assets. The lessor lease their assets or property under a agreement and contract to the lessee. The lessor will receive the payment from lessee. They are also called as ‘landlord’ in the category of property and real estate market. Lessee Lessee
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owner) regular payments from the lessee for a specified number of months or years. Both the lessee and the lessor must uphold the terms of the contract for the lease to remain valid. (Lease Definition‚ 2003) Importance and Advantages of lease The leasing process is faster‚ simpler‚ and often less costly than getting a loan for buying all these fixed assets. The lease helps to set expectations for the lessee and helps to keep understanding between lessee and lessor during the rental term. Monthly
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Chapter 21 - Leasing PowerPoint Notes * 21.1 Types of Leases * The Basics * A lease is a contractual agreement between a lessee and lessor. * The lessor owns the asset and for a fee allows the lessee to use the asset. * Buying versus Leasing * Operating Leases * Usually not fully amortized * Usually require the lessor to maintain and insure the asset * Lessee enjoys a cancellation option * Financial Leases
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