Under _____ system , the hire vendor has a right to take back the goods
A)Installment
B)HP
C)Installment and HP
D)None of these

Name: Under _____ system , the hire vendor has a right to take back the goods A)Installment B)HP C)Installment and HP D)None of these
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Question

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Under a Hire Purchase (HP) system, the hire vendor retains the ownership of the goods until the final payment is made and has the right to take back the goods if the buyer defaults on payments.

Under _____ System , the Hire Vendor Has a Right