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Topic 5 - Hire Purchase (Student)
Topic 5 - Hire Purchase (Student)
Topic 5 - Hire Purchase (Student)
BUSINESS LAW
(ALW10103/BLW10103)
Topic 5
LAW OF HIRE-PURCHASE
Topic Outline
Rights of
Repossession hirer
Definition
Purchase of
Letting of Option to
goods by
goods purchase
installments
Who Involved???
Owne
Hirer
r
Dealer Guaranto
(agent) r (if any)
Contents of the HPA
Date of Number of
agreement installments
The address
Description of
where the
goods
goods is kept
Repossession
The owner
Item
leased
Taking the
item back
Why?????
Sec. 16
Hirer breach
HPA
Defaults in 2
Defaults in
successive
final payment
payments
Procedure