Which two of the following statements apply to a hire purchase agreement?
A) There is an option or an automatic right to purchase the goods at the end for a nominal or zero final payment.
B) The rate of repayment is at the discretion of the purchaser.
C) Ownership of the goods rests with the purchaser throughout the lease.
D) It is an agreement to hire goods for a specified period.
Correct Answer:
Verified
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