Question
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
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.
How do I advise Kohveet using ILAC method to get 20 marks full?.
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