consumer-hire agreement

Quick Reference

An agreement made by a person with an individual, a partnership, or with some other unincorporated body (the hirer) for the bailment of goods to the hirer; the agreement must not be a hire-purchase agreement and must be capable of subsisting for more than three months. The concept thus does not include a hiring to a company. Consumer-hire agreements, unless exempted, are regulated by the Consumer Credit Act 1974. Compare consumer-credit agreement.

Subjects: Law.

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