English, asked by GoutamHazra631, 11 months ago

Difference between hire purchase and royalty

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Answered by edwardaa

0

Answer:

Installment System: It is an agreement of sale. Hire Purchase System: Ownership of goods is transferred after the payment of final installment. Installment System: Ownership of the goods passes to the buyer just signing the agreement. Hire Purchase System: The buyer can not sell, destroy or transfer the goods.

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