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Commerce · Q630

Accounting

Graduate and Post Graduate · Commerce · question 630

Q630

Which of the following is not a features of the Hire Purchase System?

A.
Price is paid in installments
B.
Possession is given immediately
C.
On default the seller has a right to repossess the goods
D.
Ownership is transferred immediately
Answer

Answer: Option D

Solution

Answer: Option D
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