The prudential guidelines by the CBK, Consumer Protection Act, Competition Act and the Banking Act do not limit the bank from advertising distrained or repossessed assets. Again, in Hire Purchase, the Owner is permitted by law to repossess their goods and resell them,...
Kenya’s construction industry has skyrocketed in the past 5 years and seems to have engaged a high gear in the past three years. Among the many bubbles likely to burst, over and above the speculation by pundits about the prices of houses, will be the issue of payment...
Hire Purchase Generally A hire purchase agreement (HPA) is defined under the Hire Purchase Act as an agreement for the bailment of goods under which the bailee may buy the goods or under which the property in the goods will or may pass to the bailee. The Act came into...
Many of our relatives or friends have fallen ill and, in many circumstances, they are unable to manage their estates. Some of these illnesses have caused mental disorder which in turn translates to a lack of legal capacity to contract on their own accord. Questions...
