Question
QUESTION Salmah is in the process of expanding her bakery and pastry business. For that purpose, Salmah acquires a new electrical oven through a hire
QUESTION
Salmah is in the process of expanding her bakery and pastry business. For that purpose, Salmah acquires a new electrical oven through a hire purchase agreement with Noraini's Electrical Store for a duration of 24 months. With reference to the Hire Purchase Act 1967, discuss Salmah's position in the following circumstances: -
a. Salmah wishes to let her sister Maryam continue with the hire purchase agreement of the electrical oven after paying the instalments for 5 months.
b. Salmah wishes to know the current financial status of the hire purchase agreement from Noraini's Electrical Store after paying the instalments for 5 months.
Information:
- Established the connection between Salmah with Noraini's Electrical Store, which is the owner and hirer relationship under the Hire Purchase Agreement.
- Must highlights the intention of Salmah for excercise her rights as the hirer, which is want to transfer the agreement to Maryam.
- Need to quote the law, which is Section 12, explain what the law says. If you want to interprate the law also can in this part.
- Apply the said law that you have discuss in no. 3 into Salmah's situation. State that she want to exercise her rights as the hirer for transfer the agreement.
- Conclude.
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