|
|
[Home] [Databases] [World Law] [Search] [Feedback] | |
Northern Irish Legislation |
||
| You are here: BAILII >> Databases >> Northern Irish Legislation >> HIRE-PURCHASE ACT (NORTHERN IRELAND) 1966 | ||
[Index] [Table] [Search] [Notes] [Noteup] [Previous] [Next] [Download] [Help]
An Act to consolidate certain enactments relating to hire-purchase,
credit-sale and conditional sale agreements, to information to be included in
advertisements displayed or issued in connection with hire-purchase or
credit-sale and to dispositions of motor vehicles which have been let or
agreed to be sold by way of hire-purchase or conditional sale.{1} [6th this
Act (subject to the following provisions of this Part) C>""
hire-purchase agreement'' means an agreement for the bailment of goods under
which the bailee may buy the goods, or under which the property in the goods
will or may pass to the bailee; C >"" credit-sale agreement'' means an
agreement for the sale of goods under which the purchase price is payable by
five or more instalments, not being a conditional sale agreement; C >""
conditional sale agreement'' means an agreement for the sale of goods under
which the purchase price or part of it is payable by instalments, and the
property in the goods is to remain in the seller (notwithstanding that the
buyer is to be in possession of the goods) until such conditions as to the
payment of instalments or otherwise as may be specified in the agreement are
fulfilled. B>(2) Where by virtue of two or more agreements, none of which by
itself constitutes a hire-purchase agreement as defined by subsection (1),
there is a bailment of goods and either the bailee may buy the goods, or the
property therein will or may pass to the bailee, the agreements shall be
treated for the purposes of this Act as a single agreement made at the time
when the last of the agreements was made. >Meaning of ""
hire-purchase agreement'', "" credit-sale agreement'' and ""
conditional sale agreement''. A> 2. (1) Subject to the following provisions of
this Part, references in Parts II, III and IV to hire-purchase agreements and
to conditional sale agreements, and references in Part II to
credit-sale agreements, shall be construed in accordance with the following
provisions of this section. B>(2) References in Parts II, III and IV to a
hire-purchase agreement or a conditional sale agreement shall be construed
respectively as references to a hire-purchase agreement (as defined by
section 1) or a conditional sale agreement (as so defined) under which the
hire-purchase price or total purchase price, as the case may be, does not
exceed [{2}#5,000] .
(3) In Part II, except in any provision to which subsection (4) applies, any
reference to a credit-sale agreement shall be construed as a reference to a
credit-sale agreement (as defined by section 1) under which the
total purchase price
(a)exceeds #30, but
(b)does not exceed [#5,000].
(4) In any provision of Part II to which this subsection is expressed to
apply, any reference to a credit-sale agreement shall be construed as a
reference to a credit-sale agreement (as defined by section 1) under which the
total purchase price does not exceed [#5,000].
© 1966 Crown Copyright
BAILII:
Copyright Policy |
Disclaimers |
Privacy Policy |
Feedback
URL: http://www.bailii.org/nie/legis/num_act/hai1966300/longtitle.html