In addition to the entire property, it is possible to hold property with other parties, even if this is not the case where the parties are not related to each other. In addition, rental interest may be purchased and transferred in the same way as property units, subject to possible restrictions on the lease. The two parties disagreed on the exact nature of the amendments to The 1st. The applicant added that the original agreement had been amended on 4 February 2008 by the reduction from US$14,000 to US$12,000 and that both parties, when this was done, confirmed their signatories to the exh. 1. A more precise reading of this passage leads me to conclude that the scholarly authors discussed a section of the South African Hire-Purchase Act. This passage cannot be of the importance attributed to him by Mr. Gijima, namely that any agreement under this jurisdiction, which provides for payment in installments, is a sale in installments, as required by the South African Trade Act. As I mentioned in our own Hire-Purchase Act [Chapter 14:09], it refers to catch-up contracts.
These are defined as follows in section 3 of the act; In Hong Kong, where the supply of land is limited, real estate is generally developed in the form of a multi-storey building. According to this system, the entire land and the entire building is theoretically divided into a series of undivided shares that are allocated to different dwellings. The sale of the apartment to a buyer is done by transfer of the indivi shares of the apartment. From a legal point of view, the division of land into shares is only fictitious, all owners own the land in common. For practical reasons, the exclusive ownership of a dwelling is ensured at the same time by the execution of a document called the “act of mutual federation” involving the developer, the first buyer and sometimes the management company. As a result, each owner owns, by transfer, a number of undivided shares of the land as well as the exclusive right to occupy his dwelling. (i) The first agreed instalment to be paid upon signing the agreement is $300,000,000.00 (old currency) ($300 million) in cash, i.e., on the basis of the Tribunal`s findings, the inevitable issue that cannot escape an examination of the legality or otherwise of the agreement reached by the applicant and the defendant. This issue is widely considered because of the conflicting views of the respective legal counsel, both for the applicant and for the defendant.
The following transfers of ownership of used motor vehicles are exempt from the payment of a special consumption tax.