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What is defined as an agreement to pay an initial deposit for an object and…

What is defined as an agreement to pay an initial deposit for an object and then pay the balance in regular instalments while having the use of the object”?
  • A.
    conditional sales
  • B.
    credit sales
  • C.
    hire purchase
  • D.
    leasing
  • E.
    trade-in sales
Correct Answer: Option C
Explanation