Murugam had entered into an agreement to buy a car by installment from Tong Motors. He received a loan from Mei Bank. Unfortunately, he had defaulted payment for two consecutive months. Mei Bank sent a notice of repossession to Murugam on 1st February 2020. On 19th February 2020, Mei Bank sent an agent to repossess the said car. He wishes to challenge the validity the repossession made by Mei Bank's agent. In addition to that, Murugam has received an offer letter to study in Australia for two years. He wonders if he can assign his rights under the Hire Purchase Agreement to his father or whether he has the right to terminate the said agreement before leaving for his study abroad. Advise him.

Answer the question by listing: Issues, Principles, Application & Conclusion.