Person W purchased a list of household items on credit from company WT. Company WT retained the rights to repossess an item in the case of default of an instalment and every instalment would be prorated to all the items such that unpaid balance would remain on all items until the last instalment is paid in full. Person W defaulted on a single payment and company WT sought to repossess the items purchased by person W. To discuss: If company WT is right to repossess all the items.

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Chapter 13, Problem 21CP

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Person W purchased a list of household items on credit from company WT. Company WT retained the rights to repossess an item in the case of default of an instalment and every instalment would be prorated to all the items such that unpaid balance would remain on all items until the last instalment is paid in full. Person W defaulted on a single payment and company WT sought to repossess the items purchased by person W.

To discuss: If company WT is right to repossess all the items.

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