Home » Commerce » A contract of sale where ownership passes to the buyer on the first installment is…A contract of sale where ownership passes to the buyer on the first installment is… A contract of sale where ownership passes to the buyer on the first installment is known as? A. hire purchase B. lease C. cash on delivery D. credit sale Correct Answer: Option D Explanation Related Posts Which of the following would not be stated in Memorandum of Association? A cheque made payable to a named person is? Price lists, catalogues and COD are mainly used in operating Industry is a branch of production because it? When a business organization constructs schools and roads for the use of a community. such… List and describe four insurance policies available to a ship-owner