Question

34.Installment system is governed by ------​

Answer 1

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✯ Installment system is governed by _________

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➝ Installment system is governed by sale of Goods act.

Answer 2

The installment system is governed through the following process:

The installment system is governed by the sale of Goods act.

In an installment system, there is an immediate sale, in which the price, instead of being paid in one lump sum, is spread over a period, and interest is charged on unpaid balances.

Under this system, the property in goods is passed on immediately to the buyer on signing the contract.

An installment system is a credit sale in which payments are made in installments over a period of time.

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