Archives Tag: Hire Purchase
The Law & You: Scope And Concept Of Hire-Purchase
April 19, 2022
Hire purchase system is unknown to customary law. This is not surprising as the goods which normally attract this form of agreement were unknown to customary law, viz. Piano, radios, television sets, sewing machines, etc. The hire purchase devices immigrated into the Nigerian Legal system when the need for secured financing of these consumer goods … Continue reading The Law & You: Scope And Concept Of Hire-Purchase
The Law & You: The Respective Rights of the Hirer and the Owner
April 19, 2022
In a contract of hire purchase, the different parties have obligations to each other. Most of these obligations are stated under statutory provisions, while some are embodied in the common law which is case law developed from the decisions of Judges. Obligations of the Owner a) Duty to Make Delivery of the Goods or Chattel … Continue reading The Law & You: The Respective Rights of the Hirer and the Owner
