Question

Can't get the difference between hire purchase system and credit sale

Answer 1

the goods involved in the credit sales are as interpreted in the Act; (d) the credit payment involves payment by installment; but does not include sales where full payment is made via credit card. ... Both credit sale and hire purchase are thus common but different methods of supplying goods under a credit agreement

Answer 2

the difference between hire purchase system and credit sale:-

• the goods involved in the credit sales are as interpreted in the Act; (d) the credit payment involves payment by installment; but does not include sales where full payment is made via credit card. ... Both credit sale and hire purchase are thus common but different methods of supplying goods under a credit agreement.