THE HIRER’S RIGHT TO TERMINATE A CONTRACT OF HIRE PURCHASE

Terminate

The Hirer’s Right to Terminate the Agreement

Under the common law, the hirer’s right to determine a hire a purchase agreement was unqualified. No formality was required in order to Continue reading “THE HIRER’S RIGHT TO TERMINATE A CONTRACT OF HIRE PURCHASE”

OWNERSHIP AND TRANSFER OF TITLE IN A CONTRACT OF HIRE PURCHASE

Transfer of title

Unlike the Sales of Goods Act, the provisions of the Hire Purchase Act is silent on the issue of transfer of title. There are no specific sections that have been devoted to the transfer of title in the Hire Purchase Act. Thus, majority of Continue reading “OWNERSHIP AND TRANSFER OF TITLE IN A CONTRACT OF HIRE PURCHASE”

FORMALITIES OF A HIRE PURCHASE AGREEMENT

Formalities of a Hire Purchase Agreement

Formalities Under the Common Law

Under the common law, there was no particular form for a contract of hire purchase. It could be oral or written, with or without seal. However, in practice most hire purchase contracts are in writing in order to Continue reading “FORMALITIES OF A HIRE PURCHASE AGREEMENT”

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