Question Tag: Installments

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BL – May 2022 – L1 – SA – Q15 – Hire Purchase and Consumer Credit Transactions

Identify the type of contract where one has possession while paying in installments.

A contract by which one person has possession of a product while paying for it in installments is known as
A. Bailment
B. Factoring
C. Leasing
D. Hire purchase
E. Sale in installments

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BL – May 2022 – L1 – SA – Q15 – Hire Purchase and Consumer Credit Transactions

Identify the type of contract where one has possession while paying in installments.

A contract by which one person has possession of a product while paying for it in installments is known as
A. Bailment
B. Factoring
C. Leasing
D. Hire purchase
E. Sale in installments

Login or create a free account to see answers

Find Related Questions by Tags, levels, etc.

Report an error

You're reporting an error for "BL – May 2022 – L1 – SA – Q15 – Hire Purchase and Consumer Credit Transactions"

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