Consider the Following Statements Concerning an Instalment Sale of Goods

question 26

Multiple Choice

Consider the following statements concerning an instalment sale of goods:
(a) Ownership of the goods passes to the buyer when the agreement is signed
(b) It has the same legal effect as a sale by hire-purchase
(c) The seller's rights are limited to those of a creditor
(d) It is recorded as a sale when the final instalment is paid

• A) Only (a) and (c) are correct
• B) Only (b) and (d) are correct
• C) None is correct
• D) All are correct

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