1.

What is difference between hire purchase sales and credit sales? Which one is best system and why?

Answer»

ANSWER:

(a) the goods INVOLVED in the CREDIT sales are as interpreted in the Act; (b) the credit payment involves payment by installment; but does not include sales where full payment is made via credit CARD. ... Both credit sale and hire purchase are thus COMMON but different methods of supplying goods under a credit agreement.

Explanation:

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