Which one of the following statement is not true in context to a hire purchase agreement?
A. The hirer is merely a bailee until the final payment
B. There is an agreement to buy the goods at the end of the period
C. The owner can take back the goods if the buyer becomes insolvent
D. The ownership remains vested with the bailer
Answer:B
Which one of the following statement is not true in context to a hire purchase agreement?
A. The hirer is merely a bailee until the final payment B. There is an agreement to buy the goods at the end of the period C. The owner can take back the goods if the buyer becomes insolvent D. The ownership remains vested with the bailer