Which Two of the Following Statements Apply to a Hire

question 27

Multiple Choice

Which two of the following statements apply to a hire purchase agreement?

• A) There is an option or an automatic right to purchase the goods at the end for a nominal or zero final payment.
• B) The rate of repayment is at the discretion of the purchaser.
• C) Ownership of the goods rests with the purchaser throughout the lease.
• D) It is an agreement to hire goods for a specified period.

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