Hire-Purchase Act, 1972
3. Hire -Purchase agreements to be in writing
and signed by parties thereto.-
(1) Every hire-purchase agreement shall be-
(a) in writing, and
(b) signed by all the
parties thereto
(2) A hire-purchase agreement shall be void if
in respect thereof any of the requirements specified in sub-section (1) has not
been complied with
(3) Where there is a contract of guarantee,
the hire-purchase agreement shall be signed by the surety also, and if the
hire-purchase agreement is not so signed, the hire-purchase agreement shall be
voidable at the option of the owner.