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Sergio039 [100]
3 years ago
15

What type of contract is a hire purchase agreement?

Business
1 answer:
charle [14.2K]3 years ago
7 0
Agreeing to purchase goods in installments over a period of time is the foundation of hire purchase. It is almost identical to an installment plan, except that in a hire purchase, the seller owns the goods until you make the final payment (like lease-to-own or rent-to-own).
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