Difference between hire purchase and sales
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1. In a sale, property in the goods is transferred to the buyer immediately at the time of contract, whereas in hire-purchase, the property in the goods passes to the hirer upon payment of the last installment. ... In the case of a sale, the buyer cannot terminate the contract and is bound to pay the price of the goods.
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1
Answer:
1. In a sale, property in the goods is transferred to the buyer immediately at the time of contract, whereas in hire-purchase, the property in the goods passes to the hirer upon payment of the last installment. ... In the case of a sale, the buyer cannot terminate the contract and is bound to pay the price of the goods
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