Practical Guide to Hire-Purchase Agreement in Brunei Darussalam

Practical Guide to Hire-Purchase Agreement in Brunei Darussalam, examines the operation of hire-purchase agreement by way of making reference to the hire-purchase order 2006. This book is designed specifically to guide students, lawyers and professionals from financial institutions on fundamental principles and pertinent issues relating to the law of hire-purchase in Brunei Darussalam. This book will also benefit anyone who wants to understand the operation of the law of hire-purchase in Brunei Darussalam. As mentioned throughout the book, under a hire-purchase agreement, the hirer possess the goods without paying the full price for them. The importance of this agreement is that the hire becomes the owner of the goods only after full and final payment of all instalment, till then he hires the goods and every instalment is treats as well as a period of time to pay by regular instalment. It is important that the parties involved in a hire-purchase agreement know their rights and obligations be it the owner hire, and even a guarantor.