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Purchase of goods and services comes along in different forms. Hire purchase is considered one of the most applied type of trade all over the world. It is recently on a rise in most countries all over the world. This is mostly attributed to the many merits associated to it that outshines its shortcomings. As any other mode of trade its parties are bound together in a hire purchase agreement. Discuss five duties of the owner of goods in a hire purchase agreement.

 

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