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CASH SALE – CONNECTED LENDER Where a consumer buys in cash with money borrowed from a person connected to the lender by virtue of the seller and lender being the same person (i.e., a 2 party D-C-S agreement) or different persons who have a prior arrangement to make referrals (i.e., a 3 party D-C-S agreement) … Continue reading
Where a consumer buys in cash with money borrowed from a person unconnected to the lender then the consumer’s rights lie against the seller under the general law of contract and in particular the consumer’s rights under the Sale of Goods Act 1979. Thus if the seller turns out to be a thorough rouge against … Continue reading
The consumers remedies for defective goods in relation to regulated consumer credit agremments fall under the following transactions: cash sale-unconnected lender, cash sale-connected lender, credit sale and conditional sale, hire-purchase, and hire.
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