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Difference between revisions of "Security Agreements"
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Security Agreements (view source)
Revision as of 05:26, 20 September 2018
, 05:26, 20 September 2018no edit summary
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== Summary of the law== | == Summary of the law== | ||
[[File:Consumer_Law_and_Debt_-_Security_Agreements.jpg|thumb|275px|right| link=| <span style="font-size:50%;">Image via www.istockphoto.com</span>]] | |||
When a buyer does not have the money to pay for goods at the time of purchase, there are two ways the sale can be financed: | When a buyer does not have the money to pay for goods at the time of purchase, there are two ways the sale can be financed: | ||
* '''The seller extends credit to the buyer:''' This means that the seller and buyer agree that the buyer will pay for the goods over a period of time.
| * '''The seller extends credit to the buyer:''' This means that the seller and buyer agree that the buyer will pay for the goods over a period of time.
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