Hire Purchase in UK Law

Leading Cases
  • Yeoman Credit Ltd v Apps
    • Court of Appeal
    • 16 Mar 1961

    This hire purchase agreement was, at the material time, more analogous to a simple hiring than to a purchase. It had a contingent option to purchase of which the defendant might have availed himself in two years time but in September the defendant could, as a hirer, refuse to go on with the transaction since the plaintiffs, in spite of repeated requests, were still consistently refusing to honour their obligations.

  • Yeoman Credit Ltd v Odgers
    • Court of Appeal
    • 17 Ene 1962

    Here we are not dealing with a breach of warranty on a sale where the purchaser can sell an unsuitable article at its diminished value and where, therefore, he is adequately compensated if he receives as damages the diminution jn value. In the present case the hire-purchase agreement was the purpose and the product of the warranty.

  • Wickham Holdings Ltd v Brooke House Motors Ltd
    • Court of Appeal
    • 08 Nov 1966

    I base ay decision on this: In a hire purchase transaction there are two proprietary interests: the Finance Company's lnterest and the hirer's interest. If the hirer wrongfully sells the goods or the benefit of the agreement, in breach of theAgreement, them the Finance Company are entitled to recover that they have lost by reason of his wrongful act. That is normally the balance outstanding on the hire-purchase price. But they are not entitled to more than they have lost.

  • Snook v London and West Riding Investments Ltd
    • Court of Appeal (Civil Division)
    • 17 Ene 1967

    I reprehard that, if it has any meaning in law, it means acts done or documents executed by the parties to the "sham" which are intended by them to give to third parties or to the Court the appearance of creating between the parties legal rights and obligation different from the actual legal rights and obligations(if any)which the parties intend to create.

  • Financings Ltd v Stimson
    • Court of Appeal
    • 17 Jul 1962

    Mr. Iwi in his argument pointed out a number of matters in which it cannot be denied that the dealer is the agent of the Finance Company. The dealer holds the necessary forms; he hands them over to the hirer to sign; he forwards them to the Finance Company; he receives the deposit as agent for the Finance Company: he receives from the Finance Company information that they are willing to accept the transaction; and he is authorised to pass on that communication to the hirer.

  • Moorgate Mercantile Company Ltd v Twitchings
    • Court of Appeal (Civil Division)
    • 18 Jun 1975

    Its purpose was mutual protection within the financing of Hire Purchase in connection with motor vehicles. The average current registration hire purchase agreements is approximately 4 million; about 98% of all hire purchase agreements relating to motor vehicles are registered with H. P. I. All the major finance companies are members of H. P. I. 80% of the financing of hire purchase in relation to the acquisition of motor vehicles is done by about ten finance companies.

    2. Hire Purchase Information Ltd. does not warrant or guarantee that it has a complete record of every vehicle the subject of a hire purchase agreement or that it has a complete up-to-date record of those vehicles which were at one time but have subsequently ceased to be the subject of a hire purchase agreement.

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