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What is Hire Purchase Agreement-1 about?

This Hire Purchase Agreement is between Nwafoku Stanley Ifeanyi (the Owner) and Abubakar Dan Malam (the Hirer) for the hire purchase of a tricycle at a total price of ₦2,400,000, to be paid in weekly installments of ₦50,000 over 48 weeks. Ownership remains with the Owner until full payment is made, and the Hirer is responsible for maintenance, insurance, and any liabilities. The agreement includes provisions for default, termination, and the appointment of guarantors to ensure compliance with the terms.

Author

stanleymike566

Language

EN