Economics · Hire Purchase System
Under the Hire Purchase System, until the final installment is paid, the legal relationship between the buyer and the seller is that of a:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Lender and borrower
- 2Bailor and bailee✓
- 3Pawner and pawnee
- 4Debtor and creditor
Correct answer
Bailor and bailee
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