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Hire Purchase Act, 1972
(Act no. 26 of 1972)
Contents
Sections
Particulars
Preamble
Chapter I
Preliminary
1
Short title, extent and commencement
2
Definitions
Chapter II
Form and Contents of Hire Purchase Agreements
3
hire purchase agreements to be in writing and signed by parties thereto
4
Contents of hire purchase agreement
5
Two or more agreements when treated as a single hire purchase agreement
Chapter III
Warranties and Conditions, Limitation on hire purchase Charges and Passing of Property
6
Warranties and conditions to be implied in hire purchase agreements
7
Limitation of hire purchase charges
8
Passing of property
Chapter IV
Rights and Obligations of the Hirer
9
Right of hirer to purchase at any time with rebate
10
Right to hirer to terminate agreement at any time
11
Right to hirer to appropriate payments in respect of two or more agreements
12
Assignment and transmission of hirer's right or interest under hire purchase agreement
13
Obligations of hirer to comply with agreement
14
Obligation of hirer in respect of care to be taken of goods
15
Obligation of hirer in respect of use of goods
16
Obligation of the hirer to give information as to whereabouts of goods
17
Right of hirer in case of seizure of goods by owner
Chapter V
Rights and Obligations of the Owner
18
Rights of owner to terminate hire purchase agreement for default in payment of hire or unauthorized act or breach of express conditions
19
Rights of owner of termination
20
Restriction on owner's right to recover possession of goods otherwise than through court
21
Relief against termination for non-payment of hire
22
Relief against termination for unauthorized act or breach of express condition
23
Obligation of owner to supply copies and information
Chapter VI
Miscellaneous
24
Discharge of price otherwise than by payment of money
25
Insolvency of hirer, etc.
26
Successive hire purchase agreements between same parties
27
Evidence of adverse detention is suit or application to recover possession of goods
28
Hirer's refusal to surrender goods not to be conversion in certain cases
29
Service of notice
30
Power to exempt from provisions of sections, 6,9,10,12 and 17 in certain cases
31
Act not to apply to existing agreements
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