Section 632
Termination Of Contract By Returning Goods
(1) Except as
otherwise provided for in the contract, the hirer may, at any time
prior to the payment of the last installment as determined according
to the hire-purchase contract for the goods, terminate the contract by
giving a written notice to the owner of goods at least fifteen days in
advance.
(2) Prior to terminating the contract pursuant to subsection
(1), the hirer shall deliver or return the hired goods to the
owner according to the hire-purchase contract and also pay the
amount, if any, due and payable by the hirer to the owner under the
contract on or before the termination of the contract.
(3) Notwithstanding anything contained in sub-section (2), if
the hirer has already paid more than half of the hire purchase price
on or before the termination of the hire-purchase contract, the hirer
shall not be required to pay any more amount, and if the hirer has
paid less than half the amount, the hirer shall pay up to the half of the
amount.
(4) Nothing contained in sub-section (3) shall be deemed to
release the hirer from payment of such other amount, charge or due
as may be payable according to the hire-purchase contract.