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…
Category: Law Of Hire Purchase
RECOVERY OF GOODS UNDER A HIRE PURCHASE AGREEMENT
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…
THE HIRER’S RIGHT TO TERMINATE A CONTRACT OF HIRE PURCHASE
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…
OWNERSHIP AND TRANSFER OF TITLE IN A CONTRACT OF HIRE PURCHASE
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…
IMPLIED TERMS IN A HIRE PURCHASE AGREEMENT
There are some terms which are considered fundamental to the formation of hire purchase agreement. These terms are Read More…
EXCLUDED TERMS IN 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…
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…
FEATURES OF A HIRE PURCHASE AGREEMENT
A hire purchase agreement has three basic features Read More…
OBLIGATIONS OF THE PARTIES IN A CONTRACT OF HIRE PURCHASE
In a contract of hire purchase, we have between two to three parties. The normal Read More…
THE LAW OF HIRE PURCHASE IN NIGERIA
What is a Contract of Hire Purchase?
The meaning of hire purchase has been defined by the Hire Purchase Act. According to Read More…