(1) In this Act, unless the context otherwise requires,—
appropriate trade premises means—
(a) in relation to an agreement for the sale, letting, hiring, or bailment of goods, premises at which the vendor normally carries on a business or at which goods of the description to which the agreement relates, or goods of a similar description, are normally offered or exposed for sale in the course of a business carried on at those premises:
(b) in relation to an agreement for the provision of services (whether alone or together with goods), premises (not being premises belonging to or occupied by the purchaser) at which the vendor or any bank, solicitor, or chartered accountant normally carries on business
collateral agreement means any agreement which is collateral, or ancillary, to a credit agreement and under which any person agrees to provide the purchaser with services or goods
credit agreement means any credit-sale agreement, hire purchase agreement, or hiring agreement under which the vendor sells, lets, hires, or bails the goods that are the subject of the agreement in the ordinary course of a business carried on by him; but does not include—
(c) any agreement under which the purchaser is a person who is carrying on any farming, agricultural, or manufacturing business, or any other business of any kind whatsoever or who is practising any profession if the goods that are the subject of the agreement are goods of a type that are normally used in the carrying on of the business or in the practice of the profession; or
credit-sale agreement means an agreement for the sale of goods under which the total purchase price is not paid in full at, or before, the time at which the agreement is made; but does not include a hire purchase agreement
goods has the meaning assigned to that term by section 2 of the Sale of Goods Act 1908 except that it does not include—
hiring agreement means any agreement for the bailment of goods under which instalments are payable by the purchaser during a specific or ascertainable period at the end of which the purchaser may continue the bailment without any payment or subject to the payment of a nominal rent only
hire purchase agreement means an agreement whereby goods are let or hired with an option to purchase, and includes an agreement for the purchase of goods by instalments (whether the agreement describes the instalments as rent or hire or otherwise); but does not include any agreement under which the property in the goods comprised in the agreement passes absolutely at the time of the agreement to the person who agrees to purchase them
property means the general property in goods, and not merely a special property
purchaser means the person to whom goods are let, hired, or agreed to be sold or bailed or for whom services are to be provided under a credit agreement, and, if the rights of that person are assigned or are transferred by operation of law, includes the person for the time being entitled to those rights
sale includes a bargain and sale, as well as a sale and delivery
total purchase price means the total sum of money required to be paid by the purchaser under a credit agreement and the value of any other consideration provided or required to be provided by the purchaser to purchase the goods or to have the services provided pursuant to the agreement, exclusive of any sum payable as a penalty or as compensation or damages for a breach of the agreement; but including any sum of money payable by the purchaser under any collateral agreement, and the value of any other consideration provided or required to be provided by the purchaser under any collateral agreement
vendor means the person letting, hiring, or agreeing to sell or bail goods or to provide services under a credit agreement, and, if the rights of that person are assigned or are transferred by operation of law, includes the person for the time being entitled to those rights.
(2) For the purposes of this Act every credit agreement and every collateral agreement shall be deemed to have resulted from the acceptance by the purchaser of an offer made by the vendor and every such agreement that is in writing shall be deemed to have been made at the time and at the place at which the document is signed by the purchaser.