Victorian Consolidated Legislation

Motor Car Traders Act 1986 - SECT 4

Nature of transactions

4. Nature of transactions



(1) For the purposes of this Act, if a motor car is made the subject of a
hire-purchase agreement or finance lease it is deemed to be sold to the hirer.

(2) For the purposes of this Act if a motor car trader sells or leases a motor
car to a financier, (whether as principal or agent) in the expectation that
the financier will sell or lease the motor car to a particular third person
and the motor car is sold or leased to that third person, the motor car trader
is deemed to have sold or leased the motor car to that third person.



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