Question
Debbie had entered into a hire-purchase agreement with Bank AXIA (Bank) in January 2017 for the purchase of a car by sixty (60) equal installments.
Debbie had entered into a hire-purchase agreement with Bank AXIA (Bank) in January 2017 for the purchase of a car by sixty (60) equal installments. She had defaulted in the payment of her 50th and 51st hire-purchase installments and the Bank immediately repossessed the car.
Discuss the legality of the Banks repossession of Debbies car under the Hire-Purchase Act 1967.
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International Financial Management
Authors: Cheol Eun, Bruce Resnick
5thEdition
0073382345, 9780073382340
