Section 628
Transfer Of Ownership Of Goods
The ownership of the goods
related to a hire-purchase contract shall be transferred to the hirer
upon completion of the purchase according to the hire-purchase
360
price determined in accordance with the contract concluded under
this Chapter.
Provided that the right to possession and use shall be deemed
to be created at the time of receiving such goods by him or her.
Explanation: For the purposes of this Section, the term
'completion of the purchase' means the payment of the last
installment of the hire-purchase price.