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:The implied provisions in every sale of goods as…SS3 First Term Financial Accounting Lesson Note –…In the contract of sale of goods,"let the buyer…A contract to take possession of goods on…An installment buying system where ownership…