A contract of selling merchandise with the condition that title will remain with the seller until the purchase price has been paid is a:

Question

Quizplus · Accepted Answer

A contract of selling merchandise with the condition that title will remain with the seller until the purchase price has been paid is known as a conditional sales contract. Under this type of contract, the buyer takes possession of the merchandise but the seller retains ownership until the purchase price is paid in full.

A Contract of Selling Merchandise with the Condition That Title