WAEC Commerce 2012 Objective — Question 34
Question 34 of 50 from the West African Examinations Council (WAEC) Commerce 2012 Objective paper, with the correct answer and a full explanation.
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The buyer in a hire purchase contract becomes the legal owner of the goods by paying the
- A. initial deposit
- B. last installmentCorrect
- C. half of the purchase price
- D. two third of the purchase price
Explanation
In hire purchase, ownership remains with the seller till the final installment is paid.
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