Economics · Hire Purchase System
Which of the following is not a feature of the Hire Purchase System?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Ownership of goods is transferred immediately✓
- 2On default, the seller has a right to repossess the goods
- 3Possession of goods is given immediately
- 4Price is paid in instalments
Correct answer
Ownership of goods is transferred immediately
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