AGADVOKS GLOBALKENYA · ENGLISH
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Hire-Purchase Act

25. Owner to account for proceeds of sale

Edition: 2022-12-31 · In force

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25. Owner to account for proceeds of sale

Where the owner under a hire-purchase agreement enforces a right to recover possession of the goods from the best price reasonably obtainable as soon as is reasonably practicable and he shall be liable to account for and pay hirer otherwise than by suit, he shall sell the goods at the to the hirer that part of the proceeds of sale which exceeds the sum of the unpaid balance of the hire-purchase price and the expenses necessarily incurred by the owner in recovering possession of and selling the goods.
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Source: Kenya Law