The sale of goods according to a contract under which ownership does not pass to the buyer until after a set time, usually after payment of the last instalment of the purchase price, although the buyer has possession and is committed to acquiring ownership.
A total of just 85 conditional sales were made across the Coast in the period, compared with 175 in the March quarter.
We will offer options such as fair market value leases, conditional sales contracts, municipal leases and different combinations.
More problematic is the question whether retention of title arrangements, such as hire-purchase agreements, conditional sales, and long-term leases, are security.
This section applies where a motor vehicle has been… agreed to be sold under a conditional sale agreement… and, at a time before the property in the vehicle has become vested in the debtor, he disposes of the vehicle to another person.
Definition of conditional sale in US English:
conditional sale
nounkənˌdiSH(ə)n(ə)l ˈsāl
The sale of goods according to a contract containing conditions, typically that ownership does not pass to the buyer until after a set time, usually after payment of the last installment of the purchase price, although the buyer has possession and is committed to acquiring ownership.
We will offer options such as fair market value leases, conditional sales contracts, municipal leases and different combinations.
A total of just 85 conditional sales were made across the Coast in the period, compared with 175 in the March quarter.
More problematic is the question whether retention of title arrangements, such as hire-purchase agreements, conditional sales, and long-term leases, are security.
This section applies where a motor vehicle has been… agreed to be sold under a conditional sale agreement… and, at a time before the property in the vehicle has become vested in the debtor, he disposes of the vehicle to another person.