Which of the following is not a feature of hire purchase?

By: |Published on: Jul 21|Categories: Commerce WAEC| 0 comments

A. Customer pays initial deposit
B. Customer pays purchase price plus interest
C. Payment is by instalment
D. Ownership of goods passes to the customer on payment of a deposit
E. Generally suitable for sales of durable goods

Correct Answer:

Option D – Ownership of goods passes to the customer on payment of a deposit

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