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:In the contract of sale of goods,"let the buyer…SS3 First Term Financial Accounting Lesson Note –…Which of the following is used to inform the buyer…The buyer in a higher purchase contract becomes the…A contract of sale of goods where ownership passes…