Which of the following is NOT one of the characteristics of a modern hire purchase agreement?
A) Goods are hired at a periodic rental which includes interest charges equal to the total price payable.
B) Property in the goods does not pass until the final instalment of hiring is made.
C) A hire purchase agreement is considered to be an agreement to sell under the Sale of Goods Acts.
D) The owner has the right to repossess the goods if there is a breach of the agreement to hire.
Correct Answer:
Verified
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