Identify four legal consequences of non-registration of a hire purchase agreement
Legal consequences of non registration of a hire purchase agreement
- The agreement cannot be enforced by any person against the hirer.
- Any contract of guarantee made in relation to the hire purchase agreement is also unenforceable.
- The owner cannot enforce the right to repossess the goods from the hirer.
- Any security given by the hirer under the hire purchase Agreement or by the guarantor under the contract of guarantee is unenforceable.