IGNOU BCOC 131 2026 - Describe the rights of a hirer under hire purchase agreement.

Question

Describe the rights of a hirer under hire purchase agreement.

12 Feb 2026

Answer :

Word Count : 274

A hire purchase agreement is a contract in which the hirer obtains possession of goods immediately and pays the price in instalments while ownership remains with the owner until all conditions are fulfilled. Under such an agreement, the hirer enjoys several important rights that provide legal protection and flexibility. The hirer has the right to possess and use the goods

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