Concept:In a credit sale, ownership of the goods passes to the buyer immediately at the time of sale, even though payment is made later.
Explanation:When goods are sold under a credit sales agreement, the seller transfers both possession and liability to the buyer at once.
The buyer receives the goods and becomes the legal owner immediately.
Payment is not required at that moment; it is settled later as per the agreed terms.
This is different from a hire purchase agreement, where ownership transfers only after all instalments are paid.
It is also different from a conditional sale, where ownership depends on fulfilling certain conditions.
Therefore, the description matches a credit sales agreement.
Answer:Option B: credit sales agreement.