Distinguish between 'Sale' and 'Hire Purchase' under the Sale of Goods Act, 1930. (b) State whether...

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Distinguish between 'Sale' and 'Hire Purchase' under the Sale of Goods Act, 1930. (b) State whether the following are partnerships: (i) A and B jointly own a car which they used personally on Sundays and holidays and let it on hire as taxi on other days and equally divide the earnings. (ii) Two firms each having 12 partners combine by an agreement into one firm.(iii) A and B, co-owners, agree to conduct the business in common for profit. (iv) Some individuals form an association to which each individual contributes 500 annually. The objective of the association is to produce clothes and distribute the clothes free to the war widows. (v) A and B, co-owners share between themselves the rent derived from a piece of land. (vi) A and B buy commodity X and agree to sell te commodity with sharing the profits equally. Distinguish between 'Sale' and 'Hire Purchase' under the Sale of Goods Act, 1930. (b) State whether the following are partnerships: (i) A and B jointly own a car which they used personally on Sundays and holidays and let it on hire as taxi on other days and equally divide the earnings. (ii) Two firms each having 12 partners combine by an agreement into one firm.(iii) A and B, co-owners, agree to conduct the business in common for profit. (iv) Some individuals form an association to which each individual contributes 500 annually. The objective of the association is to produce clothes and distribute the clothes free to the war widows. (v) A and B, co-owners share between themselves the rent derived from a piece of land. (vi) A and B buy commodity X and agree to sell te commodity with sharing the profits equally.

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