UC Law School statement: The Law School has received many media requests about Barack Obama, especially about his status as Senior Lecturer.. From 1992 until his election to the U.S. Senate in 2004, Barack Obama served as a professor in the Law School. He was a Lecturer from 1992 to 1996.
Hire purchase (abbreviated HP, colloquially sometimes never-never) is the legal term for a contract, in which a purchaser agrees to pay for goods in parts or a percentage over a number of months.n Malaysia, The legislation governing hire purchase transactions is the Hire Purchase Act 1967, which came into force on 11 April 1968 after hire purchase became popular in the acquisition of expensive consumer goods such as cars, business equipment and industrial machinery.
Many countries allow hire purchase as a means of selling and buying goods, and national laws provide a framework for hire purchase to prevent a range of potential abuses. Some of the issues and considerations attendant on systems of hire purchase, and codified in laws, include. 1  Rights & obligations on the vendor and purchaser, including such measures as cooling-off periods during which purchasers can back out of deals for a limited time period after signing a contract.