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Hire Purchase and Leasing (Implied terms (Section 75 description, Section…
Hire Purchase and Leasing
Hire Purchase
Nature of hire purchase
Bailment
May buy
Option to buy
Termination of HPA
Section 63
Purchase or Return goods
Transfer of Ownership
Section 70
Open market
bought in good faith
Restrictions on ownerships
Section 60 entry
Section 66 direction
Section 64 recovery
Implied terms
Section 75 description
Section 76 merchantable quality
Section 74 title
Section 77 sale by sample
Section 79 exclusions
Consumer credit Act 1995
Section 57 cash price
Section 58 notification in writing
Section 59 may not enforce agreement
Leasing
Short term
Long term
Financial leasing