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State the purposes served by the registration of a hire purchase agreement.

      

State the purposes served by the registration of a hire purchase agreement.

  

Answers


sharon
1. It protects 3rd party who may purport to buy the goods from the Hirer.
2. It is a revenue generation mechanism for the state.

sharon kalunda answered the question on April 12, 2019 at 12:23


Next: Highlight the circumstances under which the Registrar may refuse to register a Hire Purchase Agreement.
Previous: Highlight ways in which the hire purchase act attempts to protect the hirer for exploitation.

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