A contract of sale where ownership passes to the buyer on the first installment is known as? by Sunday | Jun 2 | Commerce WAEC | 0 comments A. hire purchase B. lease C. cash on delivery D. credit sale Correct Answer: Option D D. credit sale Users Also Read These:A contract of sale of goods where ownership passes…An installment buying system where ownership…An agreement to deliver goods in the future after…Musa entered into a contract to supply two cows to…The buyer in a higher purchase contract becomes the…