Question
A conditional sale occurs when the buyer is given possession but the seller/creditor keeps title until the repayment is complete. the buyer provides the seller
A conditional sale occurs when
the buyer is given possession but the seller/creditor keeps title until the repayment is complete.
the buyer provides the seller with full payment upon receipt of the property but has the option to return it if it is not as promised.
the buyer provides the seller/creditor title to an unrelated property until repayment is complete.
the seller/creditor provides title to the property on the condition that the creditor can take possession and title upon default.
the seller/creditor provides title to the buyer on the condition the buyer repay the full amount plus interest and a flat fee if a payment is missed.
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Managerial Accounting Tools for business decision making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
6th Edition
978-0470477144, 1118096894, 9781118214657, 470477148, 111821465X, 978-1118096895
