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[Cites 0, Cited by 8] [Entire Act]

Union of India - Section

Section 5 in The Hire-Purchase Act, 1972

5. Two or more agreements when treated as a single hire-purchase agreement .Where by virtue of two or more agreements in writing, none of which by itself constitutes a hire-purchase agreement, there is a bailment of goods and the bailee has an option to purchase the goods and the requirements of section 3 and section 4 are satisfied in relation to such agreements, the agreements shall be treated for the purposes of this Act as a single hire-purchase agreement made at the time when the last of the agreements was made.