A. hire purchase agreement
B. credit sales agreement
C. auction sales agreement
D. conditional sales agreement
Correct Answer: Option B
B. credit sales agreement
Explanation
Credit sales: means allowances of goods to customers in order to pay in advance. Abby. The name speaks for itself. It is goods given to a customer on credit, meaning that you sell the goods and collect cash at a later date per agreement with the customer. Under a credit sale agreement, you buy the goods at the cash price. You usually have to pay interest but some suppliers offer interest-free credit. Repayment is made by installments until you have paid the whole amount.
