Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Rohan Singh entered into a hire purchase agreement with Suka Hati Finance in January 2016 for a car at the price of RM93,000 to be

image text in transcribed

Rohan Singh entered into a hire purchase agreement with Suka Hati Finance in January 2016 for a car at the price of RM93,000 to be paid in 72 instalments. Rohan Singh defaulted in paying the instalments from March to April 2021 and the company sent a notice to repossess the car on 8 May 2021. On 14 May 2021, Suka Hati Finance heard rumours that Rohan Singh had become insolvent. They immediately repossessed the car on 20 May 2021. Rohan Singh is thinking of bringing a legal action on Suka Hati Finance for unlawful repossession of his car. Advise Suka Hati Finance. (15 marks)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Horngrens Cost Accounting A Managerial Emphasis

Authors: Srikant Datar, Madhav Rajan

17th Global Edition

129236307X, 9781292363073

More Books

Students also viewed these Accounting questions