UI Post-UTME Commerce 2025 (Model questions) Question 14

In a hire purchase agreement:
I. Ownership passes to the buyer on payment of the final instalment
II. The buyer can use the goods immediately
III. The seller can repossess goods if instalments are not paid
IV. The goods become the buyer's property from the first payment

1. A.I and IV only
2. B.I, II and III only
3. C.II and IV only
4. D.All of the above