Installment facility

The hire purchase agreement is the contract for the sale of movable goods, in which the transfer of the goods to be sold is immediate, while the performance of the recipient is to be made in periodic instalments. The entry in the register is a mandatory prerequisite for the retention of title.

Term-Nr.: 459

German: Abzahlungsgeschäft (20)

Source: LK-Lötscher, 11.05.2020

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