Singapore legislation

Clause 33

of Hire-Purchase Bill

Clause 33

Avoidance of certain provisions

Any provision in any hire-purchase agreement whereby —

(a)

any right conferred on the hirer by this Act to determine a hire-purchase agreement is excluded or restricted;

(b)

the hirer is subject to any greater liability on the determination, in any manner whatsoever, of the hire-purchase agreement or of the bailment thereunder, than the liability to which he would be subject if the hire-purchase agreement were determined in accordance with this Act;

(c)

the hirer is required to pay interest on any overdue instalments at a rate exceeding eight per centum per annum simple interest calculated on a daily basis;

(d)

the owner is relieved from liability for the acts or defaults of any person acting in connection with or in the course of the negotiations leading to the entering into the hire-purchase agreement;

(e)

the owner or any person acting on his behalf is authorised to enter upon any premises for the purpose of taking possession of goods otherwise than in accordance with the provisions of this Act comprised in the hire-purchase agreement or is relieved from liability for any such entry;

(f)

the operation of the hire-purchase agreement is determined or modified or any person is authorised to re-possess any goods comprised in a hire-purchase agreement if the hirer becomes bankrupt or commits an act of bankruptcy or executes a deed of assignment or a deed of arrangement (whether all or any of those events are named); or

(g)

except as expressly provided by this Act, the operation of any provision of this Act is excluded, modified or restricted,shall be void and of no effect.

Clause 33 — Hire-Purchase Bill | laws.sg