When does the buyer in a hire purchase becomes the owner of the goods?
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Correct Answer: Option A
Explanation:
Under a hire purchase agreement, the buyer obtains possession and use of the goods while making instalment payments, but ownership normally remains with the seller until all the required instalments have been paid.
Under a hire purchase agreement, the buyer obtains possession and use of the goods while making instalment payments, but ownership normally remains with the seller until all the required instalments have been paid.