installment contract

A contract requiring or authorizing the delivery of goods in separate lots, or payments in separate increments, to be separately accepted.

• Under the UCC, this type of agreement will be considered one contract even if it has a clause stating that each delivery is a separate contract. UCC § 2-612. [Cases: Sales 163, 192. C.J.S. Sales § 181.]

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词条贡献者

译者Pablo，毕业于国内一流的高级翻译学院，擅长翻译各种与消费者财务监管相关的法律文件。