When does the buyer in a hire purchase becomes the owner of the goods?
COMMERCE
JAMB 2018
When does the buyer in a hire purchase becomes the owner of the goods?
- A. When all installments have been fully paid
- B. After payment of the first installment
- C. Before the payment of the first installment
- D. When half of the purchased price has been paid
Correct Answer: A. When all installments have been fully paid
Post an Explanation Or Report an Error
If you see any wrong question or answer, please leave a comment below and we'll take a look. If you doubt why the selected answer is correct or need additional more details? Please drop a comment or Contact us directly. Your email address will not be published. Required fields are marked *