Consumer Hire Agreement - Definition - Law Dictionary Home Dictionary Definition consumer-hire-agreement

Definition :

Consumer hire agreement, the vehicle and credit hire agreements restrict the hiring to a period not exceeding 12 weeks, the liability to pay under the credit hire agreement subsists for more than three months so these are consumer hire agreements, Burdis v. Livsey (CA), (2003) LR 36 QB.

Is an agreement for the bailment of goods to the hirer which: '(I).........(a) is not a hire-purchase agreement, and (b) is capable of subsisting for more than there months; and (c) does not require, the hirer to make payments exceeding ' 25,000', Burdis v. Livsey (CA), (2002) 3 WLR 762 [Consumer Credit (Increase of Monetary Limits) Order 1998, s. 15]