Section 632: Termination of contract by returning goods

1) Except as otherwise provided for in the contract, the hirer may, at any time prior to the payment of the last installment as determined according to the hire-purchase contract returning goods and terminate the contract by giving a written notice to the owner of goods at least fifteen days in advance.

2) Prior to terminating the contract pursuant to sub-section (1), the hirer shall deliver or return the hired goods to the owner according to the hire-purchase contract and also pay the amount, if any, due and payable by the hirer to the owner under the contract on or before the termination of the contract.

3) Notwithstanding anything contained in sub-section (2), if the hirer has already paid more than half of the hire purchase price on or before the termination of the hire-purchase contract, the hirer shall not be required to pay any more amount, and if the hirer has paid less than half the amount, the hirer shall pay up to half of the amount.

4) Nothing contained in sub-section (3) shall be deemed to release the hirer from payment of such other amount, charge, or due as may be payable according to the hire-purchase contract.