Duties or obligations of hirer, Business Law and Ethics

Assignment Help:

Duties or Obligations of Hirer

However these are not provided in the Act although are usually found in such the agreement itself Like:

a) Take delivery: whether upon entering a hire purchase agreement such the hirer is obliged to take delivery of like the goods. Conversely in the absence of express so or else implied terms the place about delivery will be the owner's place about business or the dealer's premises.

b) Take care of the goods: because most agreements expressly provide such the standard of care mandatory of him. Moreover in absence of provisions the hirer is liable to take reasonable care such of the goods although is not liable for loss so or else damage not caused through his negligence. Whether the goods perish without fault as that the hire purchase agreement, like subject to its express terms, such will be discharged.

c) Pay instalments: further once the hirer takes delivery of the goods such he must pay the instalments below the agreement like and when they fall due. Conversely the agreement is terminated before the decision to purchase is exercised every single one instalments due up for the date of determination must be paid through the hirer. So one is

d) Continue hiring for the agreed period: moreover in most agreements the hiring is for a fixed period like; e.g. two or three years and hence hiree has a right to terminate the agreement on time before the due date. although he exercises the option to terminate such the minimum payment clause, also acknowledged depreciation clause, comes in operation and he has for pay some money into respect of depreciation of the goods. Therefore he does not exercise his option about terminate and like instead repudiates the agreement such he would be in breach of contract and like liable to pay damages for breach same. And one is

e) Notification of change of address:
after all agreement requires him to record such his address and the place then where the goods are such he is obliged to notify the owner about any change of address and removal of the goods so.


Related Discussions:- Duties or obligations of hirer

Several rules for fraudulent trading, Several rules for Fraudulent trading:...

Several rules for Fraudulent trading: Various rules have been established to determine what is fraudulent trading: (a) Only persons who take the decision to carry on the co

Ex-ship contracts - import and export trade, Ex-Ship Contracts - Import and...

Ex-Ship Contracts - Import and Export Trade Therefore whether goods are sold ex ship, such the duties of the seller are-like; (i) To deliver the goods to the buyer from suc

Relationship between morality, Question 1: (a) Distinguish social acco...

Question 1: (a) Distinguish social accounting from conventional (financial) accounting. (b) Discuss the practical and moral reasons for organizations to engage in social a

Creditors voluntary winding up, CREDITORS' VOLUNTARY WINDING UP: If no...

CREDITORS' VOLUNTARY WINDING UP: If no declaration of solvency is made and delivered to the registrar, the liquidation process is a creditors' voluntary winding up even if i

How much damages should be awarded, X Co. is a retail dealer of garden trac...

X Co. is a retail dealer of garden tractors. Mr. Y signs a contract to buy a garden tractor for $400 but later backs out of the agreement. The tractor that Y agreed to buy is subse

Identified and create all contract, The Laws of Contract DSL Limited decide...

The Laws of Contract DSL Limited decide to buy a ferry on operate it between CMI and Downtown, Kingston. They did not have enough money to buy the vessel, so they borrow some from

Form of reconstruction, Form of reconstruction: Where one company tran...

Form of reconstruction: Where one company transfers its undertaking (and assets) to another company in exchange for shares to be alloted direct or distributed to the members o

What is the neighbour rule, What is the neighbour rule? Duty of care:...

What is the neighbour rule? Duty of care: There is a duty of care by anyone to other where this can be reasonably foreseen which one’s action may injure another (negligen

Choice of name - name clause, Choice of Name - Name Clause: However, i...

Choice of Name - Name Clause: However, it might be relevant to note that the registrar of English companies, pursuant to his powers under the corresponding section of the Engl

Impose a duty on directors, Impose a duty on directors: A company is, ...

Impose a duty on directors: A company is, however, free to impose a duty on its directors to attend board meetings within a certain period of time and to prescribe the consequ

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd