Question
On January 2019, Aladdin entered into a hire purchase agreement with Untung Bank to buy a car cost RM100,000 for a period of seven years.
On January 2019, Aladdin entered into a hire purchase agreement with Untung Bank to buy a car cost RM100,000 for a period of seven years. Unfortunately, on October 2020, Aladdin suffered financial difficulties due to the Covid-19 pandemic and failed to pay the monthly installments for three consecutive months. During the period of three months, Untung Bank already sent two notice of demand requesting the payment from Aladdin. On 1st January 2021, Aladdin received a notice of repossession from Untung Bank demanding payment within fourteen days failing which the car will be repossessed. Fourteen days after the repossession notice, an agent from Untung Bank towed the car from Aladdin while he was at the market buying some groceries. Aladdin is not satisfied with Untung Bank's action. He come to see you for advice. Explain to him all his statutory rights as a hirer in the hire-purchase agreement and the actual repossession process that should be observed by Untung Bank. In the course of your answer, discuss the validity of the repossession process by Untung Bank. Support your answer with Hire Purchase Act 1967 and decided cases (if any).
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