passwella.
Menu

WAEC Commerce 2009 Question 34

Question 34

Purchase and Sale of Goods

A sale agreement whereby the buyer takes possession but not title to the goods is

  1. A.credit purchase
  2. B.hire purchase
  3. C.auction sales
  4. D.direct sales
Show the answer and explanation

Answer: B (hire purchase)

Explanation

Under hire purchase the buyer gets possession at once but ownership (title) only after the last instalment.