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hey guys welcome to my legal classes I am your teacher Ganesh Poojari and in my todays class I am going to help you guys to understand the concept higher Persis now hire-purchase is an independent act that is came in the year 1972 but it is also treated as one of the special contracts so what I am doing here is I am saving this video in the playlist of contract - which is special contract but in future if I change it to some other destination I will give information in description so you can read the description and see where exactly I have saved this video that is for the benefit of students now let us understand meaning parties differences between installments and hire-purchase and features of hire-purchase in this video lets move to the first slide where we always discuss the concept with the help of a picture and try understand the concept but a twist here we are not trying to understand the concept completely in the next slide we are taking one more slide to understand the conc