Which of the following is not a feature of hire purchase?
COMMERCE
WAEC 1998
Which of the following is not a feature of hire purchase?
- 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
Correct Answer: D. Ownership of goods passes to the customer on payment of a deposit
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