Arvid purchased a television from Beula.Under the terms of that contract, Arvid was entitled to immediate possession, but he was not entitled to receive ownership until he paid the full price.The contract required him to pay the total price of $5000 in 10 equal instalments of $500 each.The parties have created an arrangement known as a

Question

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The arrangement described in the scenario is a conditional sales contract. This is because Arvid is entitled to immediate possession but not ownership until he pays the full price, and the contract requires him to pay in instalments. With a conditional sales contract, ownership of the goods is conditional upon the buyer making all the required payments.

Arvid Purchased a Television from Beula