Explain the legal consequences of non-registration of a hire-purchase agreement

  • Under section 5 (4) of the Hire Purchase Act, if a hire purchase agreement is not
    • No person can enforce it against the
    • The owner cannot enforce any rights to recover the goods from the
    • Any contract of guarantee relating to the hire purchase agreement is also unenforceable
    • Any security given by the hirer or guarantor under their respective contracts is unenforceable.

Share through

Leave a Reply

Your email address will not be published. Required fields are marked *