Mariam is in a booming taxi business and operates with one car. She

has been saving some money to buy an additional car, but has been unable to raise enough money within her plan period to purchase the new car. Mariam approached Finance Mkopo Ltd, firm dealing with hire purchase, in order to purchase the car through hire purchase terms. The hire purchase price for the car was Ksh. 1,000,000. Mariam agreed to pay a deposit of Kshs. 450,000, the balance was payable in monthly installments for 18 months. After paying installments for 10 months, the performance of Mariam's taxi business declined and she was unable to continue remitting the monthly payments to Finance Mkopo ltd. immediately after Mariam's default in payments the Finance Mkopo ltd repossessed the car. Discuss the legal principles applicable in this case and advice Mariam.