hire-purchase agreement definition

hire-purchase agreement means an agreement, other than a conditional sale agreement, under which—
hire-purchase agreement means an agreement for the bailment of goods under which the bailee may buy the goods or under which the property in the goods will or may pass to the hirer;
hire-purchase agreement means an agreement, under which –

Examples of hire-purchase agreement in a sentence

  • Indemnity 7 – Driving Other Vehicles We will in terms of Indemnities 1 and 3 indemnify You or any partner or director of You while driving any motor vehicle not belonging to or hired to You or any partner or director of You under a Hire Purchase Agreement provided such motor vehicle is being used within the ‘Limitations as to Use’ specified in the current Certificate of Motor Insurance issued with this Policy.


More Definitions of hire-purchase agreement

hire-purchase agreement means an agreement for the bailment of goods under which the bailee may buy the goods or under which the property in the goods may pass to the bailee or under which any provision for credit of payments is to be made in the event of a subsequent purchase of the goods and where, by virtue of two or more agreements (none of which by itself constitutes a hire-purchase agreement) there is such a bailment of goods, the agreements shall be treated as a single agreement;
hire-purchase agreement means a letting of goods with an option to purchase.
hire-purchase agreement means an agreement
hire-purchase agreement means an agreement for the bailment of goods under which the hirer may buy the goods or under which the property in the goods will, if the terms of the agreement are complied with, pass to the hirer in return for periodical payments; and where by virtue of two or more agreements, none of which by itself constitutes a hire-purchase agreement, there is a bailment of goods and either the hirer may buy the goods, or the property therein will, if the terms of the agreements are complied with, pass to the hirer, the agreements shall be treated for the purpose of this Act as a single agreement made at the time when the last agreement was made;
hire-purchase agreement means an agreement for the bailment of goods under which the bailee may buy the goods or under which the property in the goods will or may pass to the bailee, whether on the performance of any act by the parties to the agreement or any of them or in any other circumstances.
hire-purchase agreement means a contract of hire between a hire purchaser lender and a member of the Group as hirer;
hire-purchase agreement means a contract, other than a conditional sale agreement, under which –