Question
hire purchase agreement is defined in section 2(1) of the Hire Purchase Act 1967
o include
d)
the letting of goods with an option to purchase and an agreement for the
purchase of goods by instalments
an agreement made by the owner to several hirers for a fixed period
the letting of goods with no option to purchase but can be renewed
an agreement according to the rules and conditions prescribed by the owner
(1 mark)
Answer
d) an agreement made by the owner to several hirers for a fixed period.