Consumer Rights – NBC Institute

BL – Nov 2020 – L1 – SB – Q3c – Hire Purchase and Consumer Credit Transactions

Define hire purchase and advise on rights after repossession under partial payment.

Question

A hire purchase agreement is a transaction with strict rules and regulations.

Required:
i. What is hire purchase?
ii. Case Scenario:
Ronke entered into a hire purchase agreement to buy a Nissan Micra car belonging to Fred. Ronke paid the sum of N900,000 out of the agreed price of N1,000,000. After unsuccessful demands by Fred for the balance of N100,000 on the car, Fred seized the car in front of Ronke’s house.

Advise Ronke on her rights, if any.

Answer

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Tags: Buyer’s Rights, Consumer Rights, Hire Purchase, Payment Default, Repossession
Level: Level 1

Topic: Hire Purchase and Consumer Credit Transactions
Series: NOV 2020

BL – Nov 2012 – L1 – SA – Q12 – Hire Purchase

Identify which is NOT a duty of the hirer.

Question

Which of the following is NOT a duty of the hirer?
A. To accept delivery of the goods
B. To ensure that he gives a weekly report to the seller
C. To take reasonable care of the goods
D. To pay the installments when due
E. To redeliver the goods to the owner or his agent, upon the termination of the hire purchase contract

Answer

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Tags: Consumer Rights, Hire Purchase
Level: Level 1

Topic: Hire Purchase and Consumer Credit Transactions
Series: NOV 2012

BL – May 2023 – L1 – SB – Q1C – Law of Contract

Advise Fudu on the legal issues involved in his contract with Jaffer for the importation of banned rice.

Question

Jaffer, who trades in the importation of edible consumables from Cotonou, agreed with Fudu to import and deliver to Fudu in Lagos 50 tonnes of foreign parboiled rice in 50kg bags for a total value of N7 million. Fudu paid an advance of N3 million, with the balance payable on delivery. However, Jaffer sent the bags of rice, which were confiscated by the Nigeria Customs Service at the border, as the Federal Government had banned the importation of rice into Nigeria. Fudu is aggrieved for non-delivery of the consignment and intends to sue Jaffer to recover the N3 million deposit he paid.

Required:
Advise Fudu accordingly, stating the legal issues involved.

Answer

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Tags: Consumer Rights, Illegal Contract, Tort Law, Trade Law
Level: Level 1

Topic: Law of Contract
Series: MAY 2023

BL – MarJul 2020 – L1 – SA – Q15 – Hire Purchase and Consumer Credit Transactions

Question identifying the right of the owner against a third party in a hire purchase contract when the third party has no good title to the goods.

Question

Which of the following is a right of the owner against a third party who has no good title to the goods under a hire purchase contract?
A. Arrest the third party
B. Assault the third party
C. Direct the third party to the hirer
D. Recover the goods from the third party
E. Challenge the hirer

Answer

Find Related Questions by Tags, levels, etc.

Tags: Consumer Rights, Hire Purchase, Legal Remedies
Level: Level 1

Topic: Hire Purchase and Consumer Credit Transactions
Series: MAR/JULY 2020

BL – Nov 2020 – L1 – SB – Q3c – Hire Purchase and Consumer Credit Transactions

Define hire purchase and advise on rights after repossession under partial payment.

Question

A hire purchase agreement is a transaction with strict rules and regulations.

Advise Ronke on her rights, if any.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Buyer’s Rights, Consumer Rights, Hire Purchase, Payment Default, Repossession
Level: Level 1

Topic: Hire Purchase and Consumer Credit Transactions
Series: NOV 2020

BL – Nov 2012 – L1 – SA – Q12 – Hire Purchase

Identify which is NOT a duty of the hirer.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Consumer Rights, Hire Purchase
Level: Level 1

Topic: Hire Purchase and Consumer Credit Transactions
Series: NOV 2012

BL – May 2023 – L1 – SB – Q1C – Law of Contract

Advise Fudu on the legal issues involved in his contract with Jaffer for the importation of banned rice.

Question

Required:
Advise Fudu accordingly, stating the legal issues involved.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Consumer Rights, Illegal Contract, Tort Law, Trade Law
Level: Level 1

Topic: Law of Contract
Series: MAY 2023

BL – MarJul 2020 – L1 – SA – Q15 – Hire Purchase and Consumer Credit Transactions

Question identifying the right of the owner against a third party in a hire purchase contract when the third party has no good title to the goods.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Consumer Rights, Hire Purchase, Legal Remedies
Level: Level 1

Topic: Hire Purchase and Consumer Credit Transactions
Series: MAR/JULY 2020

Question Tag: Consumer Rights

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BL – Nov 2020 – L1 – SB – Q3c – Hire Purchase and Consumer Credit Transactions

Define hire purchase and advise on rights after repossession under partial payment.

BL – Nov 2012 – L1 – SA – Q12 – Hire Purchase

Identify which is NOT a duty of the hirer.

BL – May 2023 – L1 – SB – Q1C – Law of Contract

Advise Fudu on the legal issues involved in his contract with Jaffer for the importation of banned rice.

BL – MarJul 2020 – L1 – SA – Q15 – Hire Purchase and Consumer Credit Transactions

Question identifying the right of the owner against a third party in a hire purchase contract when the third party has no good title to the goods.

BL – Nov 2020 – L1 – SB – Q3c – Hire Purchase and Consumer Credit Transactions

Define hire purchase and advise on rights after repossession under partial payment.

BL – Nov 2012 – L1 – SA – Q12 – Hire Purchase

Identify which is NOT a duty of the hirer.

BL – May 2023 – L1 – SB – Q1C – Law of Contract

Advise Fudu on the legal issues involved in his contract with Jaffer for the importation of banned rice.

BL – MarJul 2020 – L1 – SA – Q15 – Hire Purchase and Consumer Credit Transactions

Question identifying the right of the owner against a third party in a hire purchase contract when the third party has no good title to the goods.

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BL – Nov 2020 – L1 – SB – Q3c – Hire Purchase and Consumer Credit Transactions

Define hire purchase and advise on rights after repossession under partial payment.

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BL – Nov 2012 – L1 – SA – Q12 – Hire Purchase

Identify which is NOT a duty of the hirer.

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BL – May 2023 – L1 – SB – Q1C – Law of Contract

Advise Fudu on the legal issues involved in his contract with Jaffer for the importation of banned rice.

You're reporting an error for "BL – May 2023 – L1 – SB – Q1C – Law of Contract"

BL – MarJul 2020 – L1 – SA – Q15 – Hire Purchase and Consumer Credit Transactions

Question identifying the right of the owner against a third party in a hire purchase contract when the third party has no good title to the goods.

You're reporting an error for "BL – MarJul 2020 – L1 – SA – Q15 – Hire Purchase and Consumer Credit Transactions"

BL – Nov 2020 – L1 – SB – Q3c – Hire Purchase and Consumer Credit Transactions

Define hire purchase and advise on rights after repossession under partial payment.

You're reporting an error for "BL – Nov 2020 – L1 – SB – Q3c – Hire Purchase and Consumer Credit Transactions"

BL – Nov 2012 – L1 – SA – Q12 – Hire Purchase

Identify which is NOT a duty of the hirer.

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BL – May 2023 – L1 – SB – Q1C – Law of Contract

Advise Fudu on the legal issues involved in his contract with Jaffer for the importation of banned rice.

You're reporting an error for "BL – May 2023 – L1 – SB – Q1C – Law of Contract"

BL – MarJul 2020 – L1 – SA – Q15 – Hire Purchase and Consumer Credit Transactions

Question identifying the right of the owner against a third party in a hire purchase contract when the third party has no good title to the goods.

You're reporting an error for "BL – MarJul 2020 – L1 – SA – Q15 – Hire Purchase and Consumer Credit Transactions"

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