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Duties of the Owner?
1. Duty to notify the hirer of the cash price
2. The owner must send a copy of the Hire Purchase Agreement, to the Hirer within 21 days of execution
3. Duty to put the Hirer in possession of the goods let under a Hire Purchase.
4. Duty to compensate the hirer in the event of defective goods
5. The owner is bound to disclose to the hirer any defects in the goods or in his title
Duties of the Hirer
1. Reasonable care- It is the duty of the hirer to exercise reasonable care in relation to the goods let under a hire purchase agreement. However the hirer is not liable for ordinary wear and tear.
2. Take Delivery-The hirer is bound to take delivery of the goods under hire purchase agreement
3. Pay Installments
4. Continue Hiring-It is the duty of the hirer to continue hiring the goods for the agreed duration. This obligation does not deny the hirer the right to terminate the agreement.
5. Notice of change of location of goods-It’s the duty of the hirer to inform the owner any
change in the location of the goods.
Rights of the hirer
1. He is entitled to be notified of the cash price of the goods.
2. He is entitled to a copy of the Hire Purchase Agreement within 21 days of the execution of the agreement.
3. He is entitled to Indemnity for any loss or liability arising by reason of any defect in the goods or of title.
4. He is entitled to quiet possession of the goods let under the Hire Purchase Agreement
5. He is entitled to damages for any breach of contract by the owner
6. He has the right to terminate the Hire Purchase Agreement at any time before the final instalment falls due.
NatalieR answered the question on May 11, 2022 at 12:12
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