Hire-Purchase Act, 1972

This edition of the Hire-Purchase Act, 1972 provides a comprehensive and reliable presentation of India’s primary legislation governing hire-purchase transactions. The Act regulates the legal relationship between the owner and the hirer, defining rights, duties, liabilities, and remedies available to each party. Whether dealing with consumer goods, vehicles, electronics, or commercial assets, this law outlines crucial rules on agreement formation, required disclosures, payment structure, default consequences, and repossession procedures. The book includes provisions on termination of hire-purchase agreements, limitations on recovery, rights of owners during default, and protections available to hirers, making it indispensable for navigating disputes and contractual compliance. It also clarifies essential concepts such as hire-purchase price, depreciation, overdue installments, and the legal distinction between hire-purchase and sale. Structured for clarity and ease of reference, this Bare Act is ideal for anyone involved in drafting, enforcing, or studying hire-purchase contracts. It is highly useful for advocates, legal advisors, business owners, financial institutions, and law students seeking a foundational understanding of hire-purchase law in India.