Under a hire-purchase agreement, ownership of the asset remains with the financier until all payments have been received.

Name: Under a hire-purchase agreement, ownership of the asset remains with the financier until all payments have been received.
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Quizplus · Accepted Answer

This is correct as the financier retains ownership of the asset until the final payment is made. Only then does the ownership transfer to the person who has made all the payments.

Under a Hire-Purchase Agreement, Ownership of the Asset Remains with the Financier