Schedule 4., Part I, paragraph 36(1)

In sections 8 to 14 above and this section— “business ” includes a profession and the activities of any government department (including a Northern Ireland department), local authority or statutory undertaker; “buyer ” and “seller ” includes a person to whom rights and duties under a conditional sale agreement have passed by assignment or operation of law ; “condition ” and “warranty ”, in relation to Scotland, mean stipulation, and any stipulation referred to in sections 8(1)(a), 9, 10 and 11 above shall be deemed to be material to the agreement. “conditional sale agreement ” means an agreement for the sale of goods under which the purchase price or part of it is payable by instalments, and the property in the goods is to remain in the seller (notwithstanding that the buyer is to be in possession of the goods) until such conditions as to the payment of instalments or otherwise as may be specified in the agreement are fulfilled; “consumer sale ” has the same meaning as in section 55 of the principal Act, as amended by section 4 above ; “creditor ” means the person by whom the goods are bailed or (in Scotland) hired under a hire-purchase agreement or the person to whom his rights and duties under the agreement have passed by assignment or operation of law ; and “hire-purchase agreement ” means an agreement, other than conditional sale agreement, under which— goods are bailed or (in Scotland) hired in return for periodical payments by the person to whom they are bailed or hired, and the property in the goods will pass to that person if the terms of the agreement are complied with and one or more of the following occurs— the exercise of an option to purchase by that person, the doing of any other specified act by any party to the agreement, the happening of any other specified event.

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Source: legislation.gov.uk · retrieved 2026-07-30