POP QUIZ 1

My Quiz

Hye everyone. Please attempt all questions below. 

Thank you.

1. What is HIRE PURCHASE?

Goods acquired by credit
Transfers of goods by cash


2. Law of HIRE PURCHASE in Malaysia is governed by _____.

Partnership Act 1961
Hire Purchase Act 1967


3. Who are the parties in HIRE PURCHASE?

Hirer and owner
Agent and principal


4. What types of goods governed by HIRE PURCHASE ACT 1967?

Consumer goods and motor vehicles
Movable property


5. Hirer is someone who _____.

takes the good from an owner
sold the good to another person

All the best!