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Commerce Paper 2, May/June 2008  
Questions: 1 2 3 4 5 6 7 8 9 10 Main
General Comments
Strength
Weakness/Remedies








Question 7

(a) What is hire purchase?

(b) Give two advantages and two disadvantages of each of hire purchase to:
(I) the buyer
(II) seller


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observation

Most candidates could not accurately define the term Hire purchase .  The required definition of hire purchase is Hire purchase is a credit purchase by which a buyer is allowed to take possession of good after payment of an initial deposit with subsequent  install mental  payment
The candidates performed reasonably well in Part B of the question

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