i) Basic Requirements that should be outlined in a Hire Purchase Agreement
Every agreement shall contain:

• A statement of the cash price and the hire-purchase price or total purchase price, as the case may be, of the goods;
• The amount of each instalment by which the price is to be paid and the date or the mode of determining the date upon which each instalment is payable;
• A description or list of the goods to which the agreement relates sufficient to identify them;
• A notice, which is at least as prominent as the rest of the contents of the agreement, in the terms set out in the First or Second Schedule to this Decree.
  (Section 3 of NRCD 292)
  (Any 3 points for 4 marks)

ii) Steps Mr. Gyeabour Should Have Taken:

• The hirer under a hire-purchase agreement is entitled at any time before the final payment under a hire-purchase agreement falls due, to terminate the agreement by giving notice of the termination to the person entitled to receive payments under the agreement.
• Where the hirer terminates the hire-purchase agreement, he is liable to pay the difference between the total of the sums of money paid and one-half of the hire-purchase.
• Where the agreement is terminated, the hirer shall return the goods at the expense of the hirer to the premises from which they were originally supplied or to any other place as the owner may direct.
• Where the agreement is terminated, the hirer who has failed to take reasonable care of the goods is liable to compensate the owner for the loss or damage caused by his failure.
  (Section 6 NRCD 292)
  (Any 3 points for 6 marks)