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Report No. 168

11. Right of hirer to appropriate payments in respect of two or more agreements.-

A hirer who is liable to make payments in respect of two or more hire-purchase agreements to the same owner shall, notwithstanding any agreement to the contrary, be entitled, on making any payment in respect of the agreements which is not sufficient to discharge the total amount then due under all the agreements to appropriate the sum so paid by him in or towards the satisfaction of the sum due under any one of the agreements, or in or towards the satisfaction of the sum due under any two or more of the agreements in such proportions as he thinks fit, and if, he fails to make any such appropriation as aforesaid the sum so paid shall, by virtue of this section, stand appropriated towards the satisfaction of the sums due under the respective hire-purchase agreements in the order in which the agreements were entered into.



The Hire-Purchase Act, 1972 Back




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