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Category: Law Of Hire Purchase

Posted on June 17, 2016 Written By Olanrewaju Olamide

MISCELLANOUS STATUTORY PROVISIONS UNDER THE HIRE PURCHASE ACT

Apart from the provisions of the hire purchase act which have been provided for in the preceding sections, there are numerous other sections with important provisions. Due to constraints of space and time, not all Read More…

Posted in Law Of Hire Purchase1 Comment
Posted on June 17, 2016 Written By Olanrewaju Olamide

RECOVERY OF GOODS UNDER A HIRE PURCHASE AGREEMENT

recovery of goods

Recovery of Goods under the Common Law

Under the common law, the owner’s right to recover the goods from the hirer is unqualified. If there is any slight default in payment, he can Read More…

Posted in Law Of Hire PurchaseTagged Goods, hire purchase, Recovery of goods5 Comments
Posted on June 17, 2016September 30, 2016 Written By Olanrewaju Olamide

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 Read More…

Posted in Law Of Hire PurchaseTagged agreement, Contract, hire purchase4 Comments
Posted on June 17, 2016 Written By Olanrewaju Olamide

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 Read More…

Posted in Law Of Hire PurchaseTagged nemo dat quod non habet, ownership, Title2 Comments
Posted on June 17, 2016June 17, 2016 Written By Olanrewaju Olamide

IMPLIED TERMS IN A HIRE PURCHASE AGREEMENT

Terms of a hire purchase agreement

There are some terms which are considered fundamental to the formation of hire purchase agreement. These terms are Read More…

Posted in Law Of Hire PurchaseTagged agreement, Contract, hire purchase, terms4 Comments
Posted on June 17, 2016June 17, 2016 Written By Olanrewaju Olamide

EXCLUDED TERMS IN A HIRE PURCHASE AGREEMENT

Terms of a hire purchase agreement

Under the common law, the contents of a hire purchase agreement was drafted by the parties with no intervention from the law. The law presumed both parties to be on equal footing. However, this was wrong due to Read More…

Posted in Law Of Hire PurchaseTagged Contract, hire purchase, terms1 Comment
Posted on June 17, 2016June 17, 2016 Written By Olanrewaju Olamide

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 Read More…

Posted in Law Of Hire PurchaseTagged Common Law, formalities under common law, hire purchase act1 Comment
Posted on June 15, 2016June 17, 2016 Written By Olanrewaju Olamide

FEATURES OF A HIRE PURCHASE AGREEMENT

Hire Purchase

A hire purchase agreement has three basic features Read More…

Posted in Law Of Hire PurchaseTagged bailment, property, transfer of property4 Comments
Posted on June 15, 2016 Written By Olanrewaju Olamide

OBLIGATIONS OF THE PARTIES IN A CONTRACT OF HIRE PURCHASE

Hire Purchase

In a contract of hire purchase, we have between two to three parties. The normal Read More…

Posted in Law Of Hire PurchaseTagged commercial law, duty, hire purchase, obligation4 Comments
Posted on May 27, 2016January 20, 2020 Written By Olanrewaju Olamide

THE LAW OF HIRE PURCHASE IN NIGERIA

hire purchase

What is a Contract of Hire Purchase?

The meaning of hire purchase has been defined by the Hire Purchase Act. According to Read More…

Posted in Law Of Hire PurchaseTagged Introduction27 Comments

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