Distinguish between hire purchase and installment payment system
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Difference between Hire Purchase and Installment Purchase.
1. ... In case of hire purchase agreement if the buyer makes default inpayment of Installment the seller can have his or her goods back while ininstallment purchase the seller can only bring a claim against buyer but cannot have his or her goods back
1. ... In case of hire purchase agreement if the buyer makes default inpayment of Installment the seller can have his or her goods back while ininstallment purchase the seller can only bring a claim against buyer but cannot have his or her goods back
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