An installment contract is one calling for delivery of goods in separate lots with separate acceptance for each delivery.

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An installment contract is a type of contract where goods are to be delivered in separate lots or installments with separate acceptance for each delivery. This type of contract is commonly used in larger transactions where it may not be practical or feasible to deliver all goods at once. Each installment can be separately accepted or rejected by the buyer, making it easier for them to manage their cash flow and inventory.

An Installment Contract Is One Calling for Delivery of Goods