The car was returned to Changkyun by Shownu after ten months, as agreed and promised. Changkyun was
Question:
The car was returned to Changkyun by Shownu after ten months, as agreed and promised. Changkyun was engrossed with his company's work until he forgot to check his bank account balance. One day, he checked the bank account due to the notification received of unauthorized transactions. He found that the Shownu did not deposit the money into Changkyun's as agreed when checking his bank account. Shownu is the friend of Wonho, and therefore Changkyun asks Wonho to claim the money from Shownu. However, Shownu refuses the claim of Wonho. Wonho decided to go to Shownu's office and threatened to make a police report against Shownu. Shownu insists on not paying the money.
Required:
Identify the LEGAL ISSUE and APPLICABLE LAW/SECTION UNDER CONTRACTS ACT 1950.