You have recently acquired a loan of FJD $30 000 from TSB Bank to buy a car. The loan agreement states that loan term is for 5 years with equal monthly installments of $250 per month. By the end of third year, you are able to clear 45% of total installments, however, you default the upcoming next two month's installment and then plan a week long holiday in Singapore when next (3rd month) installment is due. When you return from your trip, your loan officer communicates to you that the bank has terminated the agreement.

what law act should be applied in the above statement?