Soenao Three Kevin is a chef from New Zealand and recently moved to Melbourne. He is keen to open up a Cafe in Richmond. He nds a great premises to lease on Bridge Road. He signs a lease with the property owner. Tom. Kevin can't afford to buy the kitchen equipment outright so he gets a loan from Shonk Bank for $1DD,D{JD. A term of the loan agreement was that Shonk Bank register the equipment on the Personal Property Security Act and then deliver it to Kevin. Kevin opens the cafe out it doesn't do well. After a few weeks, he is unable to keep up the payments to Tom his Landlord and other suppiiers. After another month of not receiving his rent. Tom changes the locks on the premises and says that until his rent is paid in full. he has complete ownership and interest of everything inside. Advise Shonk Bank on what their position is in regards to their interest in the kitchen equipment versus Tom's. 25 Marks