Post by account_disabled on Dec 24, 2023 0:12:28 GMT -6
Athe term of the lease should be regarded as being a supply of goods under Article b of Directive . I propose to commence this analysis by examining the wording of that provision. Interpretation of the wording of Article b of Directive . The wording of Article b of Directive indicates that that provision relates to agreements which have the purpose of transferring the right to dispose of tangible property as owner but which defer the transfer of that right until the time at which the property is released to the purchaser that is to say until the purchaser has paid the full price.
Agreements of this kind are often mixed in nature in that they Country Email List combine the features of a leasing agreement with those of a sale agreement. This is well reflected in the designations of such agreements in certain languages in English hire purchase or in French location vente. Under such agreements the lessorseller undertakes to make the asset available to the lesseepurchaser for a defined period of time and then following payment by the latter of all instalments to transfer to him the ownership of the asset.
Whilst the lessee has the exclusive right to use the asset and also acquires ownership automatically or by choice following the termination of the agreement he is obliged to pay all the instalments stipulated in the agreement which together constitute the purchase price of the asset which is subject matter of the agreement. . While under this type of agreement the transfer of ownership to the lesseepurchaser is deferred it takes place in the normal course of events as it is the outcome of the normal performance of the agreement. ownership would not take place is when this results from extraordinary events and in particular from withdrawal by.
Agreements of this kind are often mixed in nature in that they Country Email List combine the features of a leasing agreement with those of a sale agreement. This is well reflected in the designations of such agreements in certain languages in English hire purchase or in French location vente. Under such agreements the lessorseller undertakes to make the asset available to the lesseepurchaser for a defined period of time and then following payment by the latter of all instalments to transfer to him the ownership of the asset.
Whilst the lessee has the exclusive right to use the asset and also acquires ownership automatically or by choice following the termination of the agreement he is obliged to pay all the instalments stipulated in the agreement which together constitute the purchase price of the asset which is subject matter of the agreement. . While under this type of agreement the transfer of ownership to the lesseepurchaser is deferred it takes place in the normal course of events as it is the outcome of the normal performance of the agreement. ownership would not take place is when this results from extraordinary events and in particular from withdrawal by.