Distinguish between hire purchase and credit sale agreement
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4
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Both credit sale and hire purchase are thus common but different methods of supplying goods under a credit agreement. Answer: In hire purchase we purchase the expensive goods in installment by giving the token money only to shopkeeper.
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1
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Hire purchase allows payment in installments for an agreed period while credit sale ,payment must be made on an agreed date ..most credit sale have an allowance of 30 days to make the full payment for either the services or products supplied
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