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Hire purchase is a letting of goods with an option to purchase and an agreement for the purchase of goods by installment. (S.2(1) of the

Hire purchase is a letting of goods with an option to purchase and an agreement for the purchase of goods by installment. (S.2(1) of the Hire Purchase Act 1967) By virtue of the Hire Purchase Act 1967 and decided cases, explain the meaning, stages and procedures of a hire purchase agreement and discuss the statutory rights of a hirer.

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