Hire Purchase Agreement: Source of Goods

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Question:

From whom does the hirer buy or receive goods under a hire purchase agreement? Question 11Answer a. A wholesale distributor b. A retailer c. A hire vendor or an owner d. Another hirer

Answer:

Under a hire purchase agreement, the hirer typically buys or receives goods from:

c. A hire vendor or an owner

In a hire purchase arrangement, the goods are usually provided by a vendor who retains ownership until the hirer has completed all payments.