Termination - duties of owner, Business Law and Ethics

Termination - Duties of Owner

Although below S.12 of the Act the hirer may on any time before the final payment may or instalment falls due to terminate the agreement through like:

a)Giving the owner written notice of termination. And one is
b)Returning the goods to the owner so on.

Whether upon such termination the hirer is liable such to pay all the instalments due through that time plus any sum whether any as will make his final payment not less like half of the total hire purchase price so like unless a lesser sum is specified in agreement. Although any provision in the agreement providing about a larger payment than else one half of the total hire-purchase that price shall be void.

Whether the hirer has not taken reasonable care such of the goods he shall be liable for pay damages for the failure.Therefore the hirer should return the goods at his own expense for the premises from that they were supplied to him or for wherever the owner may direct him. However the owner will, reimburse him to any additional expenses incurred in such returning the goods for any place other than the premises from whether they were initially supplied from.

Posted Date: 1/31/2013 8:38:47 AM | Location : United States







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