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Question
The property of goods will be transferred to the buyer at the time of _______ where total payment is made.
The property of goods will be transferred to the buyer at the time of _______ where total payment is made.
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Solution
The correct option is C hire purchase
The property of goods will be transferred to the buyer at the time of hire purchase where total payment is made.Hirer is the party availing the facility
in the hire- purchase agreement. Under hire-purchase agreement, the
goods are let on hire and in accordance with the terms of the agreement
hirer can purchase the good.
The property of goods will be transferred to the buyer at the time of hire purchase where total payment is made.Hirer is the party availing the facility in the hire- purchase agreement. Under hire-purchase agreement, the goods are let on hire and in accordance with the terms of the agreement hirer can purchase the good.
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