An installment contract is a single contract that requires or authorizes delivery in two or more separate lots to be accepted and paid for separately.

Name: An installment contract is a single contract that requires or authorizes delivery in two or more separate lots to be accepted and paid for separately.
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Question

Quizplus · Accepted Answer

An installment contract involves multiple deliveries and payments, each treated as a separate transaction under the same contract.

An Installment Contract Is a Single Contract That Requires or Authorizes