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Which of the Following Statements About Hire Purchase Is NOT

Question 22

Multiple Choice

Which of the following statements about hire purchase is NOT correct?


A) The hirer can terminate the agreement by returning the goods to the owner before the stipulated period of hire has expired, without further liability.
B) Hire purchase agreements are regulated by the National Credit Code and the Sale of Goods Acts of each state.
C) A hire purchase agreement is a contract whereby the owner agrees to hire out certain goods coupled with an option for the hirer to purchase the goods.
D) The hirer can terminate the agreement by paying the full amount of the hire and becoming the owner of the goods.

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