SCHEDULE 2 Appropriate Dates for Certain Obligations for Purposes of Section 6

SCHEDULE 2 Appropriate Dates for Certain Obligations for Purposes of Section 6

Section 6

1

(1)     This paragraph applies to any obligation, not being part of a banking transaction, to pay money in respect of—

(a)     goods supplied on sale or hire, or

(b)     services rendered,

in a series of transactions between the same parties (whether under a single contract or under several contracts) and charged on continuing account.

(2)     In the foregoing sub-paragraph—

(a)     any reference to the supply of goods on sale includes a reference to the supply of goods under a hire-purchase agreement, a credit-sale agreement or a conditional sale agreement as defined (in each case) by section 1 of the Hire-Purchase (Scotland) Act 1965; and

(b)     any reference to services rendered does not include the work of keeping the account in question.

(3)     Where there is a series of transactions between

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