Hire purchase law and cases
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Hire purchase law and cases

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Published by Salama Press in Jos, Plateau State, Nigeria .
Written in English



  • Nigeria.,
  • Nigeria


  • Sales, Conditional -- Nigeria,
  • Sales, Conditional -- Nigeria -- Cases

Book details:

Edition Notes

Statementby Olusegun Yerokun.
SeriesNigerian commercial law series
LC ClassificationsLAW
The Physical Object
Paginationix, 125 p. ;
Number of Pages125
ID Numbers
Open LibraryOL2586710M
LC Control Number85136700

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Try the new Google Books. Check out the new look and enjoy easier access to your favorite features. Try it now. No thanks. Try the new Google Books Get print book. No eBook available The Law of Hire-purchase. David Wild. Butterworth, - Conditional sales - pages. 0 Reviews.   2. GOVERNING ACT: Hire purchase system is governed under the Hire Purchase Act, This act came into force on 1 September, 3. CREDIT PURCHASE: Hire purchase is a system of credit purchase. It implies that the goods are sold for payment that is to be done in future period of time. 4. TERMINOLOGY: The terms used in the agreement of hire. Try the new Google Books Get print book. No eBook available delivered delivery documents duty EALR effect entered entitled evidence express fact failed follows further give given ground Held hire purchase holder implied instalments instructions intention interest issue judgment liable Limited loss matter meaning motor Commercial Law in. exceptional measure for cases involving neglect or impropriety. Hire-Purchase Act [Chapter ] MENTAL DISORDERS See CRIMINAL LAW Defences (Insanity) and CRIMINAL PROCEDURE (Verdict - special verdict) MILITARY LAW. Appeal - court martial - appeal against decision of.

Hire purchase agreements are agreements whereby an owner of goods allows a person, the hirer, to hire goods from him for a period of time by paying installments. The hirer has an option to buy the goods at the end of the agreement if all installments are being paid. This is not a contract of sale but contract of bailment as the hirer merely has an option to buy the goods. Hire purchase is an agreement whereby a person hires goods for a period of time by paying instalments, and can own the goods at the end of the agreement if all instalments are paid. Hire purchase agreements usually last between 2 and 5 years, the most common last 3 years. I don't own copyright in this work. It is a compilation of different course content I used back in the day while still studying, hope it helps young enthusiastic students. The learned Steve Shim J in that case stated that at common law, hire purchase agreement is regarded as a form of contract whereby the owner lets goods out on hire and agrees that the hirer may either return the goods and terminate the contract or elect to buy the goods on the completion of the required periodic payments.

Case Law 26 Nature of Equity 32 Application of Principles of Equity 34 Equity and Common Law 36 Classification of Equity 37 ! loans, hire purchase and other credit and consumer credit agreements 7. Recognise and be able to discuss the law with regard to agency! agency. The law relating to the Purchase in Kenya is contained in the Hire Purchase Act 1,.The Act was enacted in and came into force on 2 nd November, It was a Private member’s Bill based on the English Hire Purchase Act, The Kenyan Hire Purchase Law is governed by the principles of the English common law as modified by the Hire Purchase Act.   The nature of hire-purchase transactions and their benefits to the parties in particular and the economy in general were highlighted. In the light of the tremendous advantages that hire-purchase transactions confer, the need to sustain the commercial practice cannot be over-emphasised.   Case: Low Ping Ming v MBF Finance [] 2 CLJ • Section 4(1), Hire-Purchase Act provides that before any hire- purchase agreement is entered into in respect of any goods: a) in a case where negotiations leading to the making of the hire- purchase agreement are carried out by any person who would be the owner under the hire-purchase.