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A contract to take possession of goods on installment payment with the option to transfer…

A contract to take possession of goods on installment payment with the option to transfer ownership after full payment is known as
  • A.
    credit sale
  • B.
    conditional sale
  • C.
    hire purchase
  • D.
    trade-in-sale
  • E.
    leasing
Correct Answer: Option C
Explanation