Question

Under hire purchase system the risk of loss is borne by

Answer 1

Answer -

• pay the price of the goods. • the seller takes the risk of any loss resulting from the insolvency of the buyer. • Ownership is transferred from.

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Answer 2

Under the hire purchase system, the risk of loss is borne by the seller.

• In the hire purchase system, the buyer buys expensive consumer goods and pays some down payment. The remaining amount is paid in the form of installments.
• Under the hire purchase system, most of the time properties are sold and purchased.
• If there is the insolvency of the buyer, the seller is responsible for it.
• Hence, we get the answer.

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