32.—(1) Before any credit-sale agreement is entered into in respect of the sale of goods the seller shall state in writing the cash price to the prospective buyer, otherwise than in the agreement.

(2) Subsection (1) shall be deemed to have been complied with—

(a) if the buyer has inspected the goods or like goods and at the time of his inspection tickets or labels were attached to or displayed with the goods clearly stating the cash price, either of the goods as a whole or of all the different articles or sets of articles comprised therein, or

(b) if the buyer has selected the goods by reference to a catalogue, price list or advertisement, which clearly stated the cash price either of the goods as a whole or of all the different articles or sets of articles comprised therein.

(3) A credit-sale agreement shall contain a statement of—

(a) the total cost of credit,

(b) the cash price of the goods to which the agreement relates,

(c) the amount of each of the instalments by which the total cost of credit is to be paid,

(d) the date, or the method of determining the date, upon which each instalment is payable,

(e) the number of instalments,

(f) the cost of any termination of the agreement by the buyer before final payment, and

(g) where applicable—

(i) the rate of interest charged and the APR,

(ii) the conditions under which the APR may be changed.

(4) A credit-sale agreement shall contain a description of the goods to which the agreement relates sufficient to identify them.

(5) A credit-sale agreement shall contain in a prominent position the words “Credit-Sale Agreement”.