Hire Purchase: Rights and Obligations of Owner and Hirer (NG) – Fortune Dikio
Hire Purchase Hire purchase is one of the many types of consumers credit transaction recognized in Nigeria Law. A Hire purchase agreement is an agreement by an owner of goods (i.e. the creditor) to hire the goods out to a hirer and to give the hirer an option to purchase the goods, conditional on his […]
Agency: Duties and Rights of Agent and Principal (NG) – Fortune Dikio
Agency Relationship Sometimes an entity instructs another to conduct its business transactions. This is common and is known as an ‘Agency Relationship‘. Agency is a business relationship where a principal gives legal authority to an agent to act on the Principal’s behalf when dealing with a third party. The Black’s Law Dictionary, defines an agency […]