6.4 Termination of Hire-Purchase Contract

1. Completion: all instalments paid and the option exercised — ownership passes (the contract's natural death by fulfilment).2. The hirer's voluntary termination — return with the accrued liability (the early-settlement terms).3. The owner's termination on default — arrears or breach of the user covenants, through the deed's notice-and-cure course, then repossession; the accounting: the goods' realised or retained value is credited against arrears and the agreed compensation.4. Frustration — the goods' destruction (the risk follows the contract's terms; insurance is the standard companion).5. Rescission for misrepresentation or the vitiators (the general law — Law of Contract-I, Unit 5).6. The consumer-law interventions — the unfair-repossession and disclosure controls may reopen the termination's terms.