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HIRE-PURCHASE ACT (NORTHERN IRELAND) 1966 - SECT 53

Appropriation of payments.

53.(1) Where goods have been let under a hire-purchase agreement, or have been
agreed to be sold under a conditional sale agreement, and a notice of default
is served under section 25, then at any time after the service of that notice
and before the amount specified in the notice is paid or tendered as mentioned
in subsection (4) of that section or the period specified in the notice
expires (whichever first occurs) the goods to which the agreement relates
shall not be treated

Para.(a) rep. by 1969 c.30 (NI) s.132 sch.6

(b)for the purposes of ... section 313 of the
Irish Bankrupt and Insolvent Act 1857 (in this section referred to as "the Act
of 1857"), as goods which are by the consent and permission of the owner or
seller in the possession, order or disposition of the hirer or buyer.

(2) Where under the powers conferred by Part III the court has postponed the
operation of an order for the specific delivery of goods to any person, those
goods shall not, during the postponement, be treated, for the purposes of ...
section 313 of the Act of 1857, as goods which are by the consent or
permission of that person in the possession, order or disposition of the hirer
or buyer.

Subs.(3) rep. by 1969 c.30 (NI) s.132 sch.6

© 1966 Crown Copyright

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