Question: I want the answer using ILAC ( issue , law , application & conclusion) . I will give you the best rate . Thank you.
I want the answer using ILAC ( issue , law , application & conclusion) . I will give you the best rate . Thank you.

QUESTION 2 Jane went to Amboi Electric Shop (AES) and purchased a microwave oven, a washing machine and a refrigerator for her new house. She applied for nancial assistance from Kaya Bank (KB) to nance these three goods. In June 2022, she went to KB to execute the hire purchase agreement. She was asked to sign one agreement only, which did not state the monthly payment amount, the term of charges and the number of instalments. The KB officer told her that such details would be filled in later, and she should sign the agreement first. KB promised they would send a copy of the agreement within two weeks after the contract's execution date. Four weeks had passed since she signed the agreements, but she had not received any copy of the hire purchase agreement from KB. Jane came to see you and wanted to know whether the hire purchase agreement she signed with KB was valid. Advise Jane. (20 Marks)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
