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Legal Terms - credit sale agreement
a sales agreement for items wherein ownership belongs to the buyer but the amount is due in installments; this type of agreement is not conditional. If the buyer is an individual and the agreement is not otherwise excluded, a credit sale agreement is a *consumer-credit agreement; it is governed by the Consumer Credit Act 1974.
a sales agreement for items wherein ownership belongs to the buyer but the amount is due in installments; this type of agreement is not conditional. If the buyer is an individual and the agreement is not otherwise excluded, a credit sale agreement is a *consumer-credit agreement; it is governed by the Consumer Credit Act 1974.
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