- 1 Marks
BL – Nov 2021 – L1 – SA – Q15 – Hire Purchase and Consumer Credit Transactions
Identifying the liability of the owner for breaching a hire purchase warranty.
Question
An owner that is in breach of a warranty under a hire purchase agreement is liable to
A. Pay damages to the hirer
B. Forfeit every right under the agreement
C. Lose his right to further installment payments
D. Refund all installments already paid by the hirer
E. Repudiate the agreement
Find Related Questions by Tags, levels, etc.
- Tags: Hire Purchase, Warranty
- Level: Level 1
- Topic: Hire Purchase and Consumer Credit Transactions
- Series: NOV 2021
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- 1 Marks
BL – Nov 2021 – L1 – SA – Q15 – Hire Purchase and Consumer Credit Transactions
Identifying the liability of the owner for breaching a hire purchase warranty.
Question
An owner that is in breach of a warranty under a hire purchase agreement is liable to
A. Pay damages to the hirer
B. Forfeit every right under the agreement
C. Lose his right to further installment payments
D. Refund all installments already paid by the hirer
E. Repudiate the agreement
Find Related Questions by Tags, levels, etc.
- Tags: Hire Purchase, Warranty
- Level: Level 1
- Topic: Hire Purchase and Consumer Credit Transactions
- Series: NOV 2021
Report an error