A and B purchased a bus jointly on hire purchase system. A major portion of the price of the bus was advanced as loan by a financing company on the condition that the bus would remain the property of the financing company until the installments of the loan had been paid to the financing company. A and B took away the bus to Kota and sold it to K by representing to him that they were the owners of the bus. Explain:

(i) What offence, if any A and B have committed?

(ii) Where will suit be tried?         (5 marks)