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  • Statutory Rights of Hirer Under 40

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    Langit Cerah
    2K просмотров2 страницы
    The document outlines several statutory rights of a hirer in a hire purchase agreement under the Hire Purchase Act 1967. These include the right to request documents showing payment information from the owner, the right to appropriate payments among multiple agreements, the right to apply to remove goods to a new location, the right to assign the agreement to someone else, the right to pass interests to a personal representative, the right to early completion by paying the net balance, and the right to terminate the agreement by returning the goods.

    Исходное описание:

    Noted

    Оригинальное название

    Statutory Rights of Hirer

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    The document outlines several statutory rights of a hirer in a hire purchase agreement under the Hire Purchase Act 1967. These include the right to request documents showing payment information from the owner, the right to appropriate payments among multiple agreements, the right to apply to remove goods to a new location, the right to assign the agreement to someone else, the right to pass interests to a personal representative, the right to early completion by paying the net balance, and the right to terminate the agreement by returning the goods.

    Авторское право:

    © All Rights Reserved
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    2K просмотров2 страницы

    Statutory Rights of Hirer Under 40

    Загружено:

    Langit Cerah
    The document outlines several statutory rights of a hirer in a hire purchase agreement under the Hire Purchase Act 1967. These include the right to request documents showing payment information from the owner, the right to appropriate payments among multiple agreements, the right to apply to remove goods to a new location, the right to assign the agreement to someone else, the right to pass interests to a personal representative, the right to early completion by paying the net balance, and the right to terminate the agreement by returning the goods.

    Авторское право:

    © All Rights Reserved
    Скачайте в формате DOCX, PDF, TXT или читайте онлайн в Scribd
    Отметить как неприемлемый контент
    из 2

    Statutory Rights of Hirer

    1. Section 9(1) HPA: the hirer has a right to be supplied with documents and information
    at any time before final payment by making written request to the owner.

    At any time before final payment, the hirer has a right to request a copy of statement
    showing the information on payment such as:
    a. The amount paid to the owner by on behalf of the hirer
    b. The amount which has become due but remain unpaid
    c. The amount which is to become payable
    d. The amount derived from interest on overdue instalment

    The owner is required to comply within 14 days after the receipt of the request.
    Failure to comply will render the agreement unenforceable by the owner. If the failure
    continues for a period of one month, the owner is guilty of an offence and the owner
    is liable to a fine not exceeding RM1000.

    2. Section 10 HPA: right to appropriation of payment when there are more than one
    agreement.

    In case where hirer makes more than one agreement and payment made by the hirer is
    insufficient to discharge total amount due under all the agreements, the hirer has the
    right to require the owner to appropriate payment accordingly.

    3. Section 11 HPA: right to apply for an order to remove the goods. In certain hire
    purchase agreement, the hirer is bound to keep the goods in a specific place and he
    cannot remove the goods to anywhere else without owner’s consent. If the owner
    refused, the hirer can apply to the Magistrate Court for permission.

    4. Section 12 HPA: the hirer has a right to assign his rights, title and interest under the
    agreement to someone else with the consent of the owner. If the owner fail or refuse
    to give his consent the hirer may apply to the High Court for an order declaring that
    the consent of the owner is ‘unreasonable withheld’.

    5. Section 13 HPA: right to pass the title, right and interest by operation of law to the
    personal representative of the hirer on death or bankruptcy of the hirer. The personal
    representative will be bound and has co comply with the terms of the hirer purchase
    agreement.

    6. Section 14 HPA: right to early completion of agreement by service of written notice


    to the owner. The hirer has to pay the net balance due under the agreement.

    7. Section 15 HPA: right to terminate the agreement at any time by returning the goods
    to the owner during ordinary business hour at the owner’s place of business. Upon
    returning the good to the owner, if the value of the goods is more than the balance
    outstanding the hirer is entitle to the different.

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