(1) Unless otherwise stated in the contract, the lessee may terminate the contract at any time by giving a written notice to the owner of the item at least fifteen days prior to the payment of the final installment amount determined in accordance with the hire purchase agreement.
(2) Before terminating the contract in accordance with sub-section (1), the lessee shall deliver or return the goods to the owner of such goods in accordance with the hire purchase agreement, and according to the agreement, he shall deliver to the owner of the goods any amount that remains to be paid before the termination of the contract. If so, such amount will also have to be paid.
(3) Notwithstanding anything contained in sub-section (2), if the hirer has paid more than half of the hire purchase price before terminating the hire purchase agreement, no amount shall be paid and if he has paid less than half of such price, he shall pay up to half the amount. Payment must be made.
(4) Nothing written in sub-section (3) shall be deemed to exempt the lessee from paying any other amount, dues or dues due under the hire purchase agreement.