Hire-Purchase Act, 1974 (NRCD 292)
Section 1—Enforcement Conditional.
(1) Where goods are let under a hire-purchase agreement, or are sold under a conditional sale agreement, the owner or seller shall not be entitled to enforce the agreement unless—
(a) the agreement is in writing and signed by the hirer or buyer and by or on behalf of all other parties to the agreement; and
(b) the requirements of sections 2 to 4 are complied with.
(2) Where the owner or seller is not entitled to enforce an agreement—
(a) he shall not be entitled to enforce any contract of guarantee relating to that agreement;
(b) no security given by the hirer or buyer in respect of money payable under the agreement, or given by a guarantor in respect of money payable under a contract of guarantee relating to the agreement, shall be enforceable against the hirer or buyer, or against the guarantor, as the case may be, by the holder of such a security; and
(c) the owner or seller shall not be entitled to enforce any right to recover the goods from the hirer or buyer.
Subject : Hire-Purchase Trading
Procedure to Follow
Not Avaiable
Responsible Institution
Ministry of Trade, Agribusiness and Industry
Ministries
- Email: info@moti.gov.gh
- Website: www.moti.gov.gh
- GPS: GA-144-0150
- Telephone: 0500073887
Relevant Forms to Download
Not Available
Online System
Link Unavailable
Fees/ charges
Not Avaiable
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