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WAEC Commerce 1998 Question 14

Question 14

Purchase and Sale of Goods

An agreement to deliver goods in the future after payment of the final instalment is known as

  1. A.credit sales
  2. B.hire purchase
  3. C.conditional sale
  4. D.trade - in - sale
  5. E.leasing
Show the answer and explanation

Answer: C (conditional sale)

Explanation

In a conditional sale ownership of the goods passes only when the last instalment is paid.