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WAEC Commerce 2013 Question 5

Question 5

Purchase and Sale of Goods

Which of the following will be suitable for hire purchase sale?

  1. A.Shares.
  2. B.Refrigerator.
  3. C.Shoes.
  4. D.Textile.
Show the answer and explanation

Answer: B (Refrigerator.)

Explanation

Hire purchase suits durable, costly goods such as a refrigerator, which can be repossessed if payments stop.