A contract to take possession of goods on installment payment with the option to transfer ownership after full payment is known as - SchoolNGR

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A contract to take possession of goods on installment payment with the option to ...

A contract to take possession of goods on installment payment with the option to transfer ownership after full payment is known as

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Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE

A Credit sale
B Conditional sale
C Hire purchase
D Trade-in-sale
E Leasing

Correct Answer: Option C

Explanation:

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