In a hire-purchase agreement, the hirer
  • a)
    has an option to buy the goods.
  • b)
    must buy the goods.
  • c)
    must return the goods.
  • d)
    is not given the possession of goods.
Correct answer is option 'A'. Can you explain this answer?

CA Foundation Question

Lavanya D
Sep 16, 2019
As per the Sale of Goods Act ,1930. the hire purchase means ,the hirer is given the possession of the goods for the trial or to check the goods whether they are suitable for him , but not the ownership of the goods , as in this case he can accept the goods or he can reject the goods but when he rejects the goods it is the duty of the owner to take the goods from the hirer , orelse if he accepts the goods as per his wish he can make the payment n take the ownership.

This discussion on In a hire-purchase agreement, the hirera)has an option to buy the goods.b)must buy the goods.c)must return the goods.d)is not given the possession of goods.Correct answer is option 'A'. Can you explain this answer? is done on EduRev Study Group by CA Foundation Students. The Questions and Answers of In a hire-purchase agreement, the hirera)has an option to buy the goods.b)must buy the goods.c)must return the goods.d)is not given the possession of goods.Correct answer is option 'A'. Can you explain this answer? are solved by group of students and teacher of CA Foundation, which is also the largest student community of CA Foundation. If the answer is not available please wait for a while and a community member will probably answer this soon. You can study other questions, MCQs, videos and tests for CA Foundation on EduRev and even discuss your questions like In a hire-purchase agreement, the hirera)has an option to buy the goods.b)must buy the goods.c)must return the goods.d)is not given the possession of goods.Correct answer is option 'A'. Can you explain this answer? over here on EduRev! Apart from being the largest CA Foundation community, EduRev has the largest solved Question bank for CA Foundation.
This discussion on In a hire-purchase agreement, the hirera)has an option to buy the goods.b)must buy the goods.c)must return the goods.d)is not given the possession of goods.Correct answer is option 'A'. Can you explain this answer? is done on EduRev Study Group by CA Foundation Students. The Questions and Answers of In a hire-purchase agreement, the hirera)has an option to buy the goods.b)must buy the goods.c)must return the goods.d)is not given the possession of goods.Correct answer is option 'A'. Can you explain this answer? are solved by group of students and teacher of CA Foundation, which is also the largest student community of CA Foundation. If the answer is not available please wait for a while and a community member will probably answer this soon. You can study other questions, MCQs, videos and tests for CA Foundation on EduRev and even discuss your questions like In a hire-purchase agreement, the hirera)has an option to buy the goods.b)must buy the goods.c)must return the goods.d)is not given the possession of goods.Correct answer is option 'A'. Can you explain this answer? over here on EduRev! Apart from being the largest CA Foundation community, EduRev has the largest solved Question bank for CA Foundation.