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O-LevelCommerceCredit7100/11 · May/June 2011 · Q81 Mark

Sonia Shar has entered into a hire purchase agreement to buy a television from a retail store over a 2-year period. When will she become the legal owner of the television?

Aafter paying instalments for 1 year

Bat the end of the 2-year instalment period

Cwhen the store has installed the television in her house

Dwhen the store receives her deposit

✓ Correct answer

B: at the end of the 2-year instalment period

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About this question

Topic: Credit, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source: O-Level Commerce, May/June 2011 Paper 1 Variant 1, question 8.

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