The law of hire-purchase is provided in the Hire-Purchase Act 1967 which came into force on 11 April 1968. A hire-purchase contract is basically an agreement wherein an owner agrees to hire goods to the hirer with an option for the hirer too purchases the goods. The hire-purchase Act was passed to regulate the form and contents of hire-purchase agreements and to define the legal rights, duties and liabilities of hirers, owners and other parties to hire-purchase agreements and to make provision for other manners connected therewith and incidental thereto.

a)Analyse the rights of the owner to repossess goods upon default and the right of the hirer's once the goods have been repossessed

b) Illustrate the concepts of hire purchase under section 2 of the Hire Purchase Act 1967 taking into account the rights and liabilities of a hirer.