150.13.Where a consumer is in default to perform his obligation in accordance with the terms and conditions of the contract, the merchant may either
(a) exact immediate payment of that which is due;
(b) exact, in the manner provided for in sections 105 and following, immediate payment of that which is due and all future instalments if the contract includes a clause of forfeiture of benefit of the term or another agreement to the same effect. However, the notice which must be sent by the merchant under section 105 must be drawn up in accordance with the form appearing in Schedule 7.1; or
(c) retake possession of the goods leased in the manner contemplated in sections 150.14, 150.15 and, where applicable, 150.32.