In a hire purchase agreement, the buyer is the?

A. agent B. hirer C. lesse D. lessor Correct Answer: Option B B. hirer Explanation Hire purchase is an arrangement whereby a customer agrees to a contract to acquire an asset by paying an initial installment (e.g. 40% of the total) and repays the balance of the price...

An example of an invisible item of trade is?

A. oil B. shipping C. machinery D. textile Correct Answer: Option B B. shipping Explanation ‘Invisible Trade ‘. An invisible trade is a business transaction that occurs with no exchange of tangible goods. An invisible trade involves the transfer of...

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