Sri Lanka Consolidated Acts

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Consumer Credit Act (No. 29 of 1982) - Sect 18

rights of owner to terminate hire-purchase agreement for defaults in payment of hire or unauthorized act or breach of express condition

18.
(1) Where a hirer makes more than one default in the payment of hire as provided in a hire-purchase agreement then, subject to the provisions of section 21 and after giving the hirer notice in writing of not less than
(a) one week, in a case where the hire is a payable at weekly or lesser intervals; and
(b) two weeks in any other case,
(2) If a hirer
(a) does any act with regard to the goods to which the hire-purchase agreement relates which is inconsistent with any of the terms of the agreement; or
(b) breaks any express condition of the agreement which provides that on the breach thereof the owner may terminate the agreement,


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