Question

In year hire purchase act formulated​

Answer 1

Answer:

In that year, the Hire-Purchase Act, 1938 was enacted which defined thehire-purchase agreement as anagreement for the bailment of goods under which the bailee might buy the goods or under which the property in the goods might pass to the bailee. This Act, however, did not take in the conditional sale agreements.

Answer 2

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The Hire-Purchase Act, 1972

Forwarded to the Union Minister of Law and Justice, Ministry of Law and Justice, Government of India by Justice B.P. Jeevan Reddy, Chairman, Law Commission of India, on March 18, 1999.

Explanation:

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