Question
Lena is in the process of expanding her bakery and pastry business. For that purpose, Lena acquires a new electrical oven through a hire purchase
Lena is in the process of expanding her bakery and pastry business. For that purpose, Lena acquires a new electrical oven through a hire purchase agreement with Aeon Shah Alam for a duration of 24 months. With reference to the Hire Purchase Act, discuss Lena's position in the following circumstances:
1) lena wishes to let her sister Aisha, continue with the hire purchase agreement of the electric oven after paying the installments for five months.
2) lena wishes to know the current financial status of the hire purchase agreement from Aeon Shah Alam after paying the installments for five months.
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