Concept:A hire purchase contract is a credit agreement in which the buyer pays a deposit and the balance in regular instalments.Explanation:Phillip paid half of the car price at once and accepted to pay the remaining half in instalments.This matches a hire purchase arrangement because he can take possession of the car immediately.However, ownership of the car passes to Phillip only after the final instalment is fully paid.Until the last payment, the seller still has legal rights in the car, which makes this different from a simple credit sale.Answer:C. hire purchase contract