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 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…