Duties or obligations of hirer, Business Law and Ethics

Duties or Obligations of Hirer

However these are not provided in the Act although are usually found in such the agreement itself Like:

a) Take delivery: whether upon entering a hire purchase agreement such the hirer is obliged to take delivery of like the goods. Conversely in the absence of express so or else implied terms the place about delivery will be the owner's place about business or the dealer's premises.

b) Take care of the goods: because most agreements expressly provide such the standard of care mandatory of him. Moreover in absence of provisions the hirer is liable to take reasonable care such of the goods although is not liable for loss so or else damage not caused through his negligence. Whether the goods perish without fault as that the hire purchase agreement, like subject to its express terms, such will be discharged.

c) Pay instalments: further once the hirer takes delivery of the goods such he must pay the instalments below the agreement like and when they fall due. Conversely the agreement is terminated before the decision to purchase is exercised every single one instalments due up for the date of determination must be paid through the hirer. So one is

d) Continue hiring for the agreed period: moreover in most agreements the hiring is for a fixed period like; e.g. two or three years and hence hiree has a right to terminate the agreement on time before the due date. although he exercises the option to terminate such the minimum payment clause, also acknowledged depreciation clause, comes in operation and he has for pay some money into respect of depreciation of the goods. Therefore he does not exercise his option about terminate and like instead repudiates the agreement such he would be in breach of contract and like liable to pay damages for breach same. And one is

e) Notification of change of address:
after all agreement requires him to record such his address and the place then where the goods are such he is obliged to notify the owner about any change of address and removal of the goods so.

Posted Date: 2/1/2013 5:23:25 AM | Location : United States







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