Laws and Bare Acts of India at MyNation.net

MyNation Foundation Online Law Library

Section 3 – The Hire-Purchase Act, 1972

The Hire-Purchase Act, 1972

 

3. Hire –Purchase agreements to be in writing and signed by parties thereto.-

 

(1) Every hire-purchase agreement shall be –

 

(a) in writing, and

 

(b) signed by all the parties thereto

 

(2) A hire-purchase agreement shall be void if in respect thereof any of the requirements specified in sub-section (1) has not been complied with

 

(3) Where there is a contract of guarantee, the hire-purchase agreement shall be signed by the surety also, and if the hire-purchase agreement is not so signed, the hire-purchase agreement shall be voidable at the option of the owner.

Comments

Every hire-purchase agreement is to be in writing and signed by all the parties of the agreement, where there is contract of guarantee, the agreement is to be signed by the surety also. 

 

 

Previous | Next

 

The Hire-Purchase Act, 1972

 

 

Indian Laws – Bare Acts

Leave a Reply

Your email address will not be published. Required fields are marked *

Copyright © 2021 Laws and Bare Acts of India at MyNation.net
×

Free Legal Help, Just WhatsApp Away

MyNation HELP line

We are Not Lawyers, but No Lawyer will give you Advice like We do

Please read Group Rules – CLICK HERE, If You agree then Please Register CLICK HERE and after registration  JOIN WELCOME GROUP HERE

We handle Women Centric biased laws like False Section 498A IPC, Domestic Violence(DV ACT), Divorce, Maintenance, Alimony, Child Custody, HMA 24, 125 CrPc, 307, 312, 313, 323, 354, 376, 377, 406, 420, 497, 506, 509; TEP, RTI and many more…

MyNation FoundationMyNation FoundationMyNation Foundation