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  2. Topic
    Business
  3. Study Set
    Financial Accounting 2
  4. Exam
    Exam 7: Hire Purchase System and Dissolution of Assets in a Firm
  5. Question
    Ownership of Goods Under Hire Purchase Agreement Is Transferred at the Time
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Ownership of Goods Under Hire Purchase Agreement Is Transferred at the Time

Question 16

Question 16

Multiple Choice

Ownership of goods under hire purchase agreement is transferred at the time of:


A) payment of down payment
B) payment of first instalment
C) payment of last instalment
D) none of the above

Correct Answer:

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