The buyer in a hire purchase contract becomes the legal o...
The buyer in a hire purchase contract becomes the legal owner of the goods by paying
initial deposit
the last installment
half of the purchase price
two-third of the purchase price
Correct answer is B
Hire purchase is a system by which one pays for a thing in regular installments while having the use of it. The buyer becomes the overall owner of the property when the last installment has been paid.
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