In _________________ the ownership is not transferred, but goods are transferred for use to the other party against a periodical payment.

Options
- Public Deposit
- Hire Purchase Agreement
- Lease Financing
- Consignment

CORRECT ANSWER : Hire Purchase Agreement

Discussion Board
Correct ans will be lease financing

In case of hire purchase ownership is transferred at the time of last payment of installment, but in case of lease financing after completing lease period asset transfer but ownership not transferred.

SANGRAM KESHAREE BEHERA 01-4-2020 01:45 PM

INCORRECT ANSWER

Answer should be
Lease Financing.

nimish kaushik 04-23-2018 07:09 PM

Incorrect answer

At the end of hire purchase agreement ownership is transferred, hence this answer is wrong.

AWENA LYNCH 10-25-2016 08:57 PM

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