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Raymond bought a car under a hire-purchase agreement with Money Rich Bank Bhd with Shasha as his guarantor. Raymond defaulted in his monthly instalments for

Raymond bought a car under a hire-purchase agreement with Money Rich Bank Bhd with Shasha as his guarantor. Raymond defaulted in his monthly instalments for the last 2 months. Discuss the legal position of all the parties concerned and support your answer with relevant legal authority.

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