Goods and services transferred from seller to buyer without immediate payment is referred to as…

Commerce JAMB 2017

Goods and services transferred from seller to buyer without immediate payment is referred to as ______

  • hire purchase
  • mutual understanding
  • credit sale checkmark
  • leasing

The correct answer is: C

Explanation

This is the transfer of goods and services from seller to a buyer without any value being given immediately in return.
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