CONSUMER CREDIT

CONSUMER CREDIT DEFINITION OF HIRE PURCHASE This is a contract which goods are delivered to a person who agrees to make periodical payments way of hire, with an option of buying the goods after the started hire installments Read More …

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DOCUMENTS USED IN CARRIAGE OF GOODS

DOCUMENTS USED IN CARRIAGE OF GOODS i)Enquiry/Inquiry. A letter sent an importer to the exporter asking about the supply of the goods and the terms of sale. ii) Order of Indent. This asks the supplier to supply goods. It Read More …

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CONTAINERIZATION

CONTAINERIZATION A container is any unit used for transporting goods. It involves putting cargo in metal containers which are easily transferred between two transportation modes. They can also be easily lifted since they have hooks. It’s part of unitization and Read More …

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DISADVANTAGES OF RAIL TRANSPORT

DISADVANTAGES OF RAIL TRANSPORT  Not flexible- It can only serve areas where there are railway lines Cannot be utilized while the tracks are being constructed unlike road transport-it has to be laid out in totality for it to be used. Read More …

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CARRIAGE OF GOODS

CARRIAGE OF GOODS Carriage of goods, in law is the transportation of goods land, sea, or air. The relevant law governs the rights, responsibilities, liabilities, and immunities of the carrier and of the persons employing the services of the carrier. Until Read More …

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RIGHTS OF A HOLDER OF A BILL

RIGHTS OF A HOLDER OF A BILL A bona fide holder acquires a defect-free title Right to sue on it in his own names Right to negotiate the bill unless the lost endorsement is restrictive. DUTIES OF THE HOLDER It Read More …

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