Alhaji Garba entered into a written Hire Purchase agreement on January 10, 2022, with Keffi Finance Ltd to acquire a motor vehicle (commercial bus) valued at N15,000,000. Under the agreement, the total Hire Purchase Price was N18,000,000, payable by a deposit of N3,000,000 upon signing, and the balance of N15,000,000 in 15 equal monthly installments of N1,000,000 commencing February 2022. Alhaji Garba paid the deposit and successfully paid 10 consecutive monthly installments (totaling N13,000,000 paid). Due to unexpected economic hardship in December 2022, he defaulted on the 11th installment. On January 15, 2023, without prior notice or court order, agents of Keffi Finance Ltd forcibly repossessed the vehicle from Alhaji Garba's garage in Abuja. REQUIRED: (a) Distinguish clearly between a Hire Purchase Agreement and a Sale of Goods Contract under Nigerian Law. (6 marks) (b) With reference to Section 9 of the Hire Purchase Act Cap H4 LFN 2004, evaluate the legal validity of Keffi Finance Ltd's repossession of the motor vehicle, and state the statutory consequences of such action. (10 marks) (c) State FOUR mandatory contents of a Hire Purchase agreement as prescribed under Section 2(2) of the Hire Purchase Act Cap H4 LFN 2004. (4 marks) (Total: 20 Marks)
A
B
C
D