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Section 5 – The Hire-Purchase Act, 1972

The Hire-Purchase Act, 1972

 

5. Two or more agreements when treated as a single hire-purchase agreement.-

 

Where by virtue of two or more agreements in writing, none of which by itself constitutes a hire-purchase agreement, there is a bailment of goods and the bailee has an option to purchase the goods and the requirements of section 3 and section 4 are satisfied in relation to such agreements, the agreements shall be treated for the purposes of this Act as a single hire-purchase agreement made at the time when the last of the agreements was made.

 

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The Hire-Purchase Act, 1972

 

 

Indian Laws – Bare Acts

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