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9 -change of address and removal of goods from premises.
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11-court may allow goods to be removed.
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This is non a contract of sale but contract bridge of bailment every bit the hirer only has.
What is the Hire Purchase Act in Malaysia?
This hire-purchase agreements which relating to other goods are governed by common law . Moreover, in Section 1 (2) of the Hire-Purchase Act 1967 (Revised 1978) states, this act shall apply throughout Malaysia and in respect only of hire-purchase agreements relating to the goods specified in the First Schedule.
When does a hirer have the right to buy goods?
The hirer has an option to buy the goods at the end of the agreement if all installments are being paid. This is not a contract of sale but contract of bailment as the hirer merely has an option to buy the goods. Although the hirer has the right of using the goods, he is not the legal owner during the term of the agreement.
What should be stated in a hire purchase agreement?
Furthermore, in the agreement must be stated the address where the goods under the hire-purchase agreement are.
What was the Hire Purchase Act of 1967?
In Section 2 (l) of the Hire Purchase Act 1967, hire purchase is defined as “A letting of goods with an option to purchase and an agreement for the purchase of goods by installments (whether the
Last Update: Oct 2021
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