WebbA hired purchase (HP) agreement is a get agreement. Her hire an item (for example, a car, mobile or television) plus pay an agreed monthly in monthly payments. You do not own the item time to have made the final payment. Personal Contract Plates (PCPs) are a type of hire purchase agreement. Webb1 sep. 2024 · Adebisi I. Raimi, Lecturer faculty of law Obafemi awolowo University, Ile-Ife Nigeria in his work The Right of the owner to recover possession of the hired goods from the hirer under the Hire purchase act 1965: A right in existence or in Extinction, cited initially the Supreme court case of Omoijunafor v.
The Impact of Hire Purchase Act 1965 on Consumer Credit
Webb14 feb. 2024 · Contents of hire-purchase agreements under Section 4 of the Hire-Purchase Act Every hire-purchase agreement needs to state the followings – The price of the goods to be hired as agreed by the parties. The said cash price of the goods, at which the goods are to be purchased by the hirer for cash. Webb1 THE IMPACT OF HIRE PURCHASE ACT 1965 ON CONSUMER CREDIT By: Dr. Jacob Otu Enyia* ABSTRACT Hire purchase had been known in this country (Nigeria) for several years but until recently hammer of the witches 1484
Hire-Purchase Legislation in Nigeria: Making a Case for Reform
Webbis still Nigeria's fundamental Law of Hire-Purchase. This can be garnered from the fact that, the Act only sought to alter common Law and fill in some gaps that were missing … Webb7 aug. 2024 · This Act is only apply to all hire-purchase agreement relating to goods specified in the First Schedule of the said Act. This hire-purchase agreements which relating to other goods are governed by common law . Moreover, in Section 1(2) of the Hire-Purchase Act 1967 (Revised 1978) states, this act shall apply throughout … WebbThe main purpose of enacting the Hire Purchase Act is to regulate the hire purchase transactions which have hitherto been executed under the ordinary law of contract, and under which some owners have exploited … burpee superseed tray