Risk and ownership of consumer goods Clause Samples

Risk and ownership of consumer goods. 5.3.1 We own the consumer goods until you have paid for it in full. You will only become the owner of the Consumer Goods at the end of the contract term; and/or once you have paid all the instalments and all amounts due to us; whichever occurs first. 5.3.2 While the Consumer Goods are in your possession, you solely carry the risk in the event that the Consumer Goods are lost, damaged or stolen and You will still be responsible to pay FSR for the Consumer Goods even if lost, stolen or damaged. 5.3.3 It is your responsibility to ensure that the Consumer Goods are insured against loss, damage and theft. You will carry the risk if the Consumer Goods is/are lost, damaged or stolen, once it is delivered to you.