passwella.
Menu

WAEC Commerce 2025 Question 41

Question 41

Purchase and Sale of Goods

A contract of sale where the selling price includes interest is

  1. A.lease agreement.
  2. B.hire purchase agreement.
  3. C.credit sale agreement.
  4. D.cash sale agreement.
Show the answer and explanation

Answer: B (hire purchase agreement.)

Explanation

Under hire purchase the buyer pays a deposit and instalments, and the total (HP price) is the cash price plus interest.