Accounting · Hire Purchase System
Under the Hire Purchase System, until the final instalment is paid, the legal relationship between the buyer (hire purchaser) and the seller (hire vendor) is that of a:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Borrower and lender
- 2Bailee and bailor✓
- 3Pawner and pawnee
- 4Debtor and creditor
Correct answer
Bailee and bailor
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Accounting?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Hire Purchase System MCQs →Want more practice questions on Hire Purchase System?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Accounting · Hire Purchase System