A contract to take possession of goods on installment payment with the option to transfer...

WAEC 1998

A contract to take possession of goods on installment payment with the option to transfer ownership after full payment is known as

A. credit sale
B. conditional sale
C. hire purchase
D. trade-in-sale
E. leasing

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Correct Answer: Option C

Explanation

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A contract to take possession of goods on installment payment with the option to transfer...

Correct Answer: Option C

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