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Using the 10-Ps to Distinguish a Hire-Purchase Transaction from a Sale

As individuals, we embark on numerous commercial transactions of distinct nature daily. One of such transactions is the hire-purchase transaction. A hire-purchase transaction is one under which an owner of goods lets his goods out on hire to another person

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Commercial Transactions and Fiduciary Relationships

Generally, in commercial transactions, there is no duty on contracting parties to disclose all material facts which will likely influence the other party in coming to a decision regarding the transaction so that the parties to the contract may be

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Hire-Purchase Transaction Taking a Triangular Form

[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 term “hire-purchase” relates to two different transactions rolled up into one: a hire and a purchase. It

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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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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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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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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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Hire-Purchase Act and Its Monetary Limit on Goods Other than Motor Vehicles

In continuation of our discussion on the issues to consider in the efforts towards the reform of the Hire-Purchase Act, Cap H4, Laws of the Federation of Nigeria 2004 (HPA) [see here], in this article we shall review the monetary

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Repossession in the Hire-Purchase Act: Issues for Consideration

The present efforts towards the reform of the Hire-Purchase Act, Cap. H4, Laws of the Federation of Nigeria 2004 (HPA), has been hailed. [See here.] Certainly, there are several issues in the HPA which require attention and which any reform

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Reforming the Hire-Purchase Act of Nigeria

[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]At last, it does seem that the Nigerian Hire-Purchase Act, Cap. H4, Laws of the Federation of Nigeria

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