Hire Purchase Nature and meaning of Hire Purchase, Hire Purchase in Purchase in Common Law and under the Hire Purchase Act 1990 LFN. Ownership and passing of property; Remedies of Owner and Hirer, Minimum payment clause and damages, Standard From Hire-Purchase Agreements. Bills of Sale, Conditional Sale and Credit Sale Agreement; Agency: Definition and formalities and capacity; Authority of the agent, Ratification, Types of Agency, Relationship of the Principles and Agents to third parties.


Level of Study: 300 Level