TRADE ON INSTALLMENTS

  • TRADE on installment is right when the buyer does not give all the money at the time of buying goods to the seller and decide to give money on installments . 
  • When the seller tells that the thing he is selling cost on cash this and on installments this than the buyer and seller have to be decide the cost on mutual understandings.                                                  
  • Mostly trade on installment always has condition that if the buyer does not give one or two installment on time that he has to give more money as a fine then this condition is not right because the more money is considered as interest.
  • The condition that if the buyer does not give installment on time then seller take his things back and all the installments that are given by the buyer is also preserved.

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