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WAEC Commerce 2005 Question 24

Question 24

Purchase and Sale of Goods

Which of the following is not suitable for hire purchase?

  1. A.Textiles
  2. B.Furniture
  3. C.Refrigerators
  4. D.Printing machine.
Show the answer and explanation

Answer: A (Textiles)

Explanation

Hire purchase suits durable goods that can be repossessed; textiles are not durable enough.