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QUESTION 2 (20 marks) Lokkesh Rau purchased a Jaguar car by hire purchase. The purchase was financed by Hantok Finance Co. Ltd (HFCL). Lokkesh Rau

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QUESTION 2 (20 marks) Lokkesh Rau purchased a Jaguar car by hire purchase. The purchase was financed by Hantok Finance Co. Ltd (HFCL). Lokkesh Rau entered into a hire purchase agreement with HFCL for 108 months at installment of RM2,350.00 per months. Lokkesh Rau come to you and seek your advise on the following matters: a) As a hirer under hire purchase contract, what are his rights and liabilities as a hirer. Explain FIVE (5) of those rights and liabilities together with relevant sections of Hire Purchase Act 1967; b) There are FIVE (5) implied terms in a hire purchase agreement. List those implied terms and guide him with a proper and relevant sections as prescribed under Hire Purchase Act 1967

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