6C. Samples

Terms defined in s 2

• goods

  goods

  Defined · s 2

  “goods” includes any replacement or renewal by the hirer of any part or parts of any goods and any accessory added or addition made to any goods by the hirer during the period of the hiring;

  Open s 2
• hire-purchase agreement

  hire-purchase agreement

  Defined · s 2

  “hire-purchase agreement” means an agreement, other than a conditional sale agreement, under which —(a)goods are bailed in return for periodical payments to the hirer; and(b)the property in the goods will pass to the hirer if the terms of the agreement are complied with and one or more of the following occur:(i)the exercise of an option to purchase by the hirer;(ii)the doing of any other specified act by any party to the agreement;(iii)the happening of any other specified event;

  Open s 2
• hirer

  hirer

  Defined · s 2

  “hirer” means the person who takes or has taken goods from an owner under a hire‑purchase agreement or a conditional sale agreement and includes a person to whom the hirer’s rights or liabilities under the agreement have passed by assignment or by operation of law;

  Open s 2