Nature of transactions
4 Nature of transactions
For the purposes of this Act, if a motor car is made the subject of a hire-purchase agreement or finance lease it is deemed to be sold to the hirer.
For the purposes of this Act if a motor car trader sells or leases a motor car to a financier, (whether as principal or agent) in the expectation that the financier will sell or lease the motor car to a particular third person and the motor car is sold or leased to that third person, the motor car trader is deemed to have sold or leased the motor car to that third person.
S. 5 repealed by No. 74/1996 s. 51(a).
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S. 6 amended by No. 54/1989 s. 35(3), repealed by No. 74/1996 s. 51(a).
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