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 bailee;
hire-purchase agreement means an agreement, under which –

Examples of hire-purchase agreement in a sentence

He has identified MO4, the Hire Purchase Agreement between him and City Auto Finance, against which he had obtained loan.

According to him, on 15.6.1999 the appellant produced before him MO2 the certificate of registration, MO3, the Agreement dated 7.7.1999 between PW-4 and City Auto Finance, MO4 the Hire Purchase Agreement and MO23 the Insurance Card of the said auto rickshaw.

The Applicant contended that by a Letter of Offer dated 21st July 2015, the Respondent offered it and it accepted a credit facility of Kshs 7,463,000/= for the purchase of Motor Vehicle Registration Number KCE 197S Isuzu FVZ Truck (“hereinafter referred to as the subject Motor Vehicle”) which facility was secured by a joint registration and Hire Purchase Agreement.

Where any lot or lots are found to be subject to Hire Purchase Agreement the Auctioneers reserve the right to discharge the existing liability to the Finance Company concerned remitting the balance, if any to the Vendor on receipt of a Clearance Note from the Finance Company.


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 an agreement
hire-purchase agreement means a letting of goods with an option to purchase.
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 an agreement other than a conditional sale agreement, under which –
hire-purchase agreement means a letting of goods with an option to purchase and an agreement for the purchase of goods by instalments (whether the agreement describes the instalments as rent or hire or otherwise), but does not include any agreement—
hire-purchase agreement means a contract, other than a conditional sale agreement, under which –