Hire-Purchase Act, 1974 (NRCD 292)
Section 17—Limitation on Enforcement of Agreement.
An owner or seller shall not be entitled by reason of the hirer or buyer's failure to carry out any obligation under a hire-purchase agreement or conditional sale agreement, to enforce any provision in the agreement for the payment of an amount of damages, or forfeiture or penalty, or for the acceleration of the payment of an instalment, or for termination of the agreement, or for repossession, unless he has made written demand to the hirer or buyer to carry out the obligation in question within a specified period of not less than fourteen days beginning with the date of service of the demand, and the hirer or buyer has failed to comply with the demand in the specified period.
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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