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Legal
Language
The following
extract is from a legal document dated approximately 1960.
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7. Notwithstanding
the termination of the hiring under Clause 6 the Hirer shall pay
all rent accrued due in respect of the hiring up to the date of
such termination and shall be or remain liable in respect of any
damage caused to the Owner by reason of any breach by the Hirer
of any stipulation herein contained and on the part of the Hirer
to be performed or observed.
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| 8. At any time
before the Owner shall have recovered possession of the goods and
before the Hirer shall have terminated the hiring under Section 4
of the Hire-Purchase Act 1938 (as amended) the Hirer may on the payment
to the Owner of the total amount of any instalments then remaining
unpaid of the rent hereinbefore reserved and agreed to be paid during
the term and the further sum of ten shillings purchase the goods:
Provided that such payment as aforesaid shall be a Condition precedent
to the exercise of the option to purchase so conferred (this agreement
not being an undertaking by the Owner to sell the goods on credit
or without such payment as aforesaid being first made) and accordingly
any notice unaccompanied by such payment as aforesaid of an intention
to exercise the said option shall be void and shall not constitute
a binding agreement to purchase or sell the goods. |
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