HIRE PURCHASE: REPOSSESSION Flashcards
1
Q
Why repossession is done?
A
2
Q
How many procedures for repossession?
A
- Default in payment.
- Service of 4th schedule notice.
- Repossession.
- Service of 5th schedule notice.
- Selling off repossessed goods.
3
Q
What section is in default of payment?
A
4
Q
What section is in Service of 4th schedule notice?
A
5
Q
What section is in repossession?
A
6
Q
What section is in service of 5th schedule notice?
A
7
Q
What section is in selling off repossessed goods?
A