- 1 Marks
Question
State the type of goods to which the Hire Purchase Act is applicable irrespective of the amount involved.
Answer
Motor Vehicles
Explanation:
The Hire Purchase Act applies to motor vehicles regardless of the amount involved, as these items often require a specific form of protection due to their value and frequent use in hire purchase agreements.
- Tags: Hire Purchase, Motor Vehicles
- Level: Level 1
- Topic: Hire Purchase and Consumer Credit Transactions
- Series: NOV 2012
- Uploader: Theophilus