WAEC Commerce 2025 Objective — Question 41
Question 41 of 51 from the West African Examinations Council (WAEC) Commerce 2025 Objective paper, with the correct answer and a full explanation.
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A contract of sale where the selling price includes interest is a
- A. lease agreement
- B. hire purchase agreementCorrect
- C. credit sale agreement
- D. cash sale agreement
Explanation
In hire purchase, the seller adds his/her interest to the price quoted for the goods.
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