All articles by Laura Shingler

Laura Shingler

No second bite of the cherry for hirers?

Lenders facing claims that goods supplied under a hire purchase agreement are not of satisfactory quality andor fit for purpose will be relieved by a recent case which finds exercising the option to purchase the asset does not reset the clock on the limitation period. In the county court case Naresh Bhatia and Coronation Black Cabs Limited v Black Horse Finance Limited (2011) it was held that the limitation period for the statutory implied terms as to quality and fitness for purpose runs from the date of the agreement and not the later date of the option to purchase.