Question
1. In February 2018, Kohveet entered into a hire purchase agreement with MU Finance Bhd for a car for a period of 7 years. In
1. In February 2018, Kohveet entered into a hire purchase agreement with MU Finance Bhd for a car for a period of 7 years. In March 2020, Kohveet suffered financial difficulties and could not pay the instalments. Two weeks ago, Kohveet received a notice of intention to repossess. Ten days later, the agent of MU Finance Bhd towed the car from Kohveet's house while he was asleep. They left a notice in his notice box stating that the car has been repossessed due to his failure to pay the instalments and the car will be auctioned. Kohveet was upset over the incident. He wants to know the procedure for repossession under the Hire Purchase Act 1967.Advise Kohveet by using ILAC Format.
2. Taylor, Lana and Ariana decided to form a partnership offering wedding planning services in Kulim. Advise them as to the characteristics of a partnership as provided by the Partnership Act 1961.
Business LAW416 Malaysia.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started