Question

In case of default in payment the seller under hire
purchase can
OPTIONS
a.
Take back the possession of goods
Ob.
Tale legal action against the buyer
C.
c. Charge penalty to the buyer
D d.
none of the above​

Answer 1

Answer:

The rights of the owner depend upon the nature of the contract and also differ from contract to contract as well. The owner should have the right to terminate the hire-purchase agreement in cases of default in payment by the hirer or unauthorized use of the goods under the Hire-purchase agreement.

Answer 2

Explanation:

Initially, the hirer ( the person who takes the goods under hire, Mr. ... It is only after paying off the full price of the goods, the hirer becomes the owner of the goods under a Hire-purchase agreement. Furthermore, the seller has the right to repossess the goods in case of default by the hirer.