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Alibaba Bank extended a loan to Thembisa to buy a Harley Davidson. However, in terms of the instalment agreement, which is regulated by the National
Alibaba Bank extended a loan to Thembisa to buy a Harley Davidson. However, in terms of the instalment agreement, which is regulated by the National Credit Act, Alibaba Bank reserves ownership until the last instalment is paid. The contract term is six years. During year five, Thembisa's estate is sequestrated. Explain Alibaba Bank's position.
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