State two Features of hire purchase system
Answers
Answered by
0
Answer:
I hope this is helpful to you and please follow me
Attachments:
Answered by
1
Following are the features of a regular hire purchase transaction: Rental payments are paid in installments over the period of the agreement. Each rental payment is considered as a charge for hiring the asset. This means that, if the hirer defaults on any payment, the seller has all the rights to take back the assets.
Similar questions
History,
3 months ago
Math,
3 months ago
English,
7 months ago
Social Sciences,
11 months ago
Math,
11 months ago