Which of the Following Statements About Hire Purchase Is NOT

question 1

Multiple Choice

Which of the following statements about hire purchase is NOT correct?

• A) The hirer can terminate the agreement by returning the goods to the owner before the stipulated period of hire has expired, without further liability.
• B) Hire purchase agreements are regulated by the National Credit Code and the Sale of Goods Acts of each state.
• C) A hire purchase agreement is a contract whereby the owner agrees to hire out certain goods coupled with an option for the hirer to purchase the goods.
• D) The hirer can terminate the agreement by paying the full amount of the hire and becoming the owner of the goods.

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Definitions:

Proton Gradient

A gradient formed by the difference in proton concentrations across a membrane, often used to generate ATP in cellular respiration and photosynthesis.

Mitochondrial Membrane

The membrane that encloses the mitochondrion, consisting of an outer membrane and an inner membrane with folds known as cristae, where energy production occurs.

Citric Acid Cycle

A key component of cellular respiration, this cycle processes acetyl-CoA to produce energy, NADH, FADH2, and carbon dioxide.

Mitochondrial Matrix

The innermost compartment of the mitochondrion, enclosed by the inner membrane, containing enzymes, DNA, and ribosomes.