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Dice Pizzerias (Pty) Ltd bought a top of the range pizza oven from MetaMasters (Pty) Ltd. MetaMasters granted a loan to Dice Pizzerias for the purchase and a contract was signed between the two parties stipulating the conditions, interest rate, instalment amount, payment frequency and the period of the agreement.
a) Term loan.
b) Mortgage loan.
c) Instalment sale agreement.
d) Lease.