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Hire-Purchase Act, 1974 (NRCD 292)

Section 6—Liability of Hirer or Buyer after Notice of Termination.
(1) Where the hirer or the buyer terminates the agreement by virtue of section 5, then, subject to the following provisions of this section, and without prejudice to any liability which has accrued before the termination, he shall be liable to pay the difference between the total of the sums paid and one half of the hire-purchase or total purchase price, or if the agreement specifies a lesser amount, he shall be liable to pay the amount so specified.
(2) Where an agreement has been terminated under section 5 the hirer or buyer shall return the goods at his own expense to the premises from which they were originally supplied to him or to such other place as the owner or seller may direct, provided that the owner or seller shall at his own expense provide for any additional expense incurred in returning the goods to premises other than those from which they were originally supplied.
(3) Where an agreement has been terminated under section 5 the hirer or buyer, if he has failed to take reasonable care of the goods shall be liable to compensate the owner or seller for any loss or damage caused by such failure.
(4) Where a hirer or buyer, having terminated an agreement under section 5, wrongfully retains possession of the goods, then, in any action brought by the owner or seller to recover possession of the goods from the hirer or buyer the court, unless it is satisfied that having regard to the circumstances it would not be just and equitable to do so, shall order the goods to be delivered to the owner or seller without giving the hirer or buyer an option to pay for the goods.

Subject : Hire-Purchase Trading  

Procedure to Follow


Not Avaiable

Responsible Institution


Ministry of Trade, Agribusiness and Industry

Ministries

Relevant Forms to Download

Not Available

Online System

Link Unavailable

Fees/ charges

Not Avaiable


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