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h} i) ii} E} Required: Explain the principle in law ofagency applicable to this scenario. (4 marks) Komosa Limited entered into a Hire Purchase agreement
h} i) ii} E} Required: Explain the principle in law ofagency applicable to this scenario. (4 marks) Komosa Limited entered into a Hire Purchase agreement with Dir. Gyeahour over a car. The agreement was to last for a period of 4 years of monthly instalment. The instalment arrangements went on for three and half years till hiltGyeahour decided to terminate the arrangement and stopped paying the instalment. For the remaining period, the Company had no news of :Mr. Gyeahour or the car. 1iii-lhen the car was later found= the air conditioning compartment was in a had state of disrepair. The Company now intends to sue hilt. Gyeahour who has resurfaced. I'Idr. Gy'eahour is now pleading with the Company ar mercy. Required: Describe \"VG basic requirements that should he outlined in a Hire Purchase Ageement. (4 marks) Explain to hair. Gyeahour T'W steps he should have taken in respect of the termination and the damaged car under the HirePurchase Act, 197'4 NRCD 292. (Ii marks) Dene General and Special Crossing under section T5 of the Bills of Exchange Act, 1961 ACT 55. (6 marks)
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