This article will help you to learn about the difference between the Instalment system and the Hire purchase system. Difference between Instalment System and Hire Purchase System Hire Purchase System 1. Ownership: The ownership lies with the seller until the last instalment is paid by the buyer. 2. Rights of Seller: If the buyer fails to make the payment in [...]
This article will help you to learn about the difference between partnership and sole tradership. Difference between Partnership and Sole Tradership Partnership 1. Act: Partnership is formed under Indian Partnership Act, 1932. 2. Number of Members: In partnership, minimum number of members is two and maximum is 20 and 10 for banking business. 3. Secrecy: In partnership, all the partners [...]
This article will help you to differentiate between partnership and co-ownership. Difference between Partnership and Co-Ownership Partnership 1. Contract: Partnership is the outcome of an agreement. 2. Number of Members: In partnership, the number of members cannot exceed the maximum limit. 3. Object: The object of partnership is to carry on some lawful business and earn profits. 4. Agent: In [...]