nature of hire purchase is agreement give me the ans mcq question answer
Answers
Answered by
1
in a hire-purchase agreement, the owner hires goods to the hirer with an option to purchase the goods when he has made the payment of a certain sum After the payment
Answered by
0
Hire Purchase is an agreement done between two-person i.e seller and purchaser.
- Under this system buyer purchases the goods and pays installments according to the conditions applied by the seller.
- Seller gets interested rather than the installment.
- In this system purchaser becomes the owner of the goods.
- Seller needs to provide free services until the last payment of the installment.
Similar questions