Introduction
The paper focuses on Hire Purchase (HP) activity and its relationship to the legal environment. Understanding how business law operates proves essential for understanding the whole concept and guidelines within HP agreements. Commercial activities thrive in environments guided by legislation to enhance smooth performance, as well as maintenance of contracts by the parties involved in the business transactions (MacIntyre 65). Business law primary concern relates to the creation of new companies as well as dealing with the issues arising from the existing enterprises in the process of interacting with other business organizations, the public, and the government. The area ...
