Unfair Terms in Hire Purchase Agreement: Matters Arising

Abstract

Contractual agreements with consumers for the supply of goods or services in everyday life sometimes contain terms that are more favourable to traders but unfair to consumers. These terms, when implemented, may be extremely harsh to consumers because their rights might be limited. Hire purchase agreement is not left out of this predicament. This paper seeks to analyse the concept of hire purchase, its origin and evolution in Nigeria as well as examine unfair terms embedded in a hire purchase agreement with the view of highlighting matters arising there from and proffering solutions to it.