(1) Where the owner takes possession of goods that were comprised in a hire-purchase agreement, he or she shall—
(a) deliver or cause to be delivered to the hirer personally a document acknowledging receipt of the goods; or
(b) if the hirer is not present at that time send to the hirer immediately after taking possession of the goods a document acknowledging receipt of the goods.
(2) The document acknowledging the receipt of the goods required under subsection (1) shall set out a short description of the goods and the date on which, the time at which and the place where the owner took possession of the goods.
(3) If the notice required by subsection (1) is not served, the rights of the owner under the hire-purchase agreement shall terminate.
(4) If the hirer exercises his or her rights under this Act to recover the goods so taken possession of, the hire-purchase agreement shall have the same force and effect in relation to the rights and liabilities of the owner and the hirer as it would have had if the notice under subsection (1) had been duly given.