Hire Purchase

By |2017-01-17T11:21:24+02:00June 29th, 2015|Notes, O Level Commerce Notes, Ordinary Level Notes|

TV Sales and Hire offers Hire Purchases.

TV Sales and Hire offers Hire Purchases. ZIMSEC O Level Commerce Notes: Hire Purchase
  • Is a method of buying consumer durables such as Television sets on credit.

Characteristics

  • A written agreement between the buyer and seller is required.
  • A deposit is paid followed by installments (usually on a […]

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