Though the buyer gets possession of goods immediately on signing the contract the ownership does not pass on to him. This system is called:
A. installment system
B. hire purchase system
C. mail order business
D. departmental store system
Answer:B
Though the buyer gets possession of goods immediately on signing the contract the ownership does not pass on to him. This system is called:
A. installment system B. hire purchase system C. mail order business D. departmental store system