Section 1: Transactions regulated by this Act.

Subject to the provisions of section 19 of this Act, the provisions of this Act (other than the provisions relating to the control of advertisements) shall apply in relation to-
[L.N. 90 of 1968.]
(a) all hire-purchase agreements and credit-sale agreements (other than agreements in respect of motor vehicles) under which the hire-purchase price or total purchase price, as the case may be, does not exceed two thousand naira; and
(b) all such agreements in respect of motor vehicles, irrespective of the hire-purchase price or the total purchase price,
being agreements made after the commencement of this Act; and the expressions "hire-purchase agreement" and "credit-sale agreement" in the following provisions of this Act shall be construed accordingly.