Repossession of property is much easier for the lender with a conditional sales contract than with an installment purchase agreement.

Question

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A conditional sales contract typically includes a clause allowing the lender to repossess the property if the buyer defaults on their payments, making it easier for the lender to reclaim the property compared to an installment purchase agreement where repossession may require additional legal actions.

Repossession of Property Is Much Easier for the Lender with a Conditional