ALHAJI JIMOH AJAGBE V LAYIWOLA IDOWU

SUBJECT MATTER

LAW OF CONTRACT

CREDIT SALE – Distinction between credit sales agreement and hire purchase; effect thereof

EVIDENCE-Evaluation of evidence; what they court should consider.

In a credit sale agreement for the purchase of a vehicle, the buyer, i.e the plaintiff/respondent pays a deposit, followed by installment payments. Once the agreement is entered into by the parties, ownership of the vehicle is transferred to the buyer. If the buyer defaults or is unable to meet his financial obligations to the seller, the option open to the seller is an action to recover the balance of payment owed by the buyer/purchaser.

Per Rhodes-Vivour J.S.C

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