Blog Archives

Hire-Purchase Transactions: A synopsis of the 10-Ps’ test

[easyazon_block add_to_cart=”yes” align=”left” asin=”1112044760″ cloaking=”default” layout=”left” localization=”default” locale=”US” nofollow=”default” new_window=”default” tag=”thecorpro-20″]The Law Relating to the Hire-Purchase System : With An Appendix of Forms[/easyazon_block]As gold is ever separate from stone, so also are hire-purchase transactions different from other commercial transactions. Literarily,

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Hire-Purchase Act Reform: Issues with motor vehicles

[easyazon_block add_to_cart=”yes” align=”left” asin=”1112044760″ cloaking=”default” layout=”left” localization=”default” locale=”US” nofollow=”default” new_window=”default” tag=”thecorpro-20″]The Law Relating to the Hire-Purchase System : With An Appendix of Forms[/easyazon_block]In Nigeria, it is generally understood that the subject matter of hire-purchase transactions falls into two categories: goods

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Companies and Allied Matters Act: Types of directors

Generally, company law statutes do not usually contain elaborate provisions on types of directors. This is the case also with the Companies and Allied Matters Act, Cap. C20, Laws of the Federation of Nigeria 2004 (CAMA). Interestingly also, the Companies

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Hire-Purchase Act Reform: Death of the hirer

[easyazon_block add_to_cart=”yes” align=”left” asin=”1112044760″ cloaking=”default” layout=”left” localization=”default” locale=”US” nofollow=”default” new_window=”default” tag=”thecorpro-20″]The Law Relating to the Hire-Purchase System : With An Appendix of Forms[/easyazon_block]The repossession of hire-purchase goods by the owner has been discussed in a previous post [see here] where

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Sale of Goods Act Reform: Other considerations

In the last few weeks, we have discussed several issues relating to the Sale of Goods Act 1893 that should be reformed [see here, here, here, here and here]. In this concluding article relating to the reform of the sale

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Companies and Allied Matters Act: Who can be a company director?

The Companies and Allied Matters Act, Cap. C20, Laws of the Federation of Nigeria 2004 (CAMA) has elaborate provisions regarding the administration of companies in Nigeria. A key player in the management of companies is a director. Interestingly, the CAMA

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External Auditors and Corporate Governance

External auditors are one of the essential gatekeepers of every organisation. They have very important role to play in the company. Following the somewhat recent collapses of major corporate giants, it has become evident that external auditors could make or

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Hire-Purchase Act Reform: Assignment of hirer’s rights and interests

[easyazon_block add_to_cart=”yes” align=”left” asin=”1112044760″ cloaking=”default” layout=”left” localization=”default” locale=”US” nofollow=”default” new_window=”default” tag=”thecorpro-20″]The Law Relating to the Hire-Purchase System : With An Appendix of Forms[/easyazon_block]A major lacuna in the Hire-Purchase Act, Cap H4, Laws of the Federation of Nigeria 2004 (HPA) relates

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Sale of Goods Act Reform: What does “goods” mean?

Quite obviously, the scope of the Sale of Goods Act 1893 relates to goods. What is however not quite certain is what the term “goods” covers. It is imperative to establish what amounts to goods as that is important in

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Companies and Allied Matters Act: Making a case for a one-man board

The number of directors that a company should have is statutorily provided for in company law statutes. In the case of Nigeria, the Companies and Allied Matters Act, Cap C20, Laws of the Federation of Nigeria 2004 (CAMA) is explicit

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Hire-Purchase Act Reform: Rights and obligations of parties

[easyazon_block add_to_cart=”yes” align=”left” asin=”1112044760″ cloaking=”default” layout=”left” localization=”default” locale=”US” nofollow=”default” new_window=”default” tag=”thecorpro-20″]The Law Relating to the Hire-Purchase System : With An Appendix of Forms[/easyazon_block]In reality, a typical hire-purchase agreement confers a bundle of rights and obligations on the parties to the

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Sale of Goods Act Reform: Rejection for delivery of wrong quantity

There is the need to revisit the circumstances under which a buyer may reject goods where a wrong quantity was delivered by the seller. It is conceded that the delivery of wrong quantity ordinarily amounts to a breach of the

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