Question

Difference between hire purchase and deferred payment

Answer 1

Answer:

HIRE PURCHASE-propert is on the possession by the buyyer,but the right to own the goods remain to the seller until to the last installment paid.,.while

DEFERRED PAYMENT- the right to own the propert shift to the buyyer soon after pay the down payment,but the p possession of propert is remain to the hands of the seller until the last installment is paid