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II. Scope and Terminology
(1,374 words)

Volume VIII: Specific Contracts | Chapter 4 (1974): Installment Sales

Completed in July 1972

E. Allan Farnsworth

5. Scope of chapter. – This chapter is concerned only with the sale of goods, not with the sale of land or the furnishing of services, against payment in installments. For the purposes of this chapter, an installment sale may be defined as a transaction, involving goods, that has four characteristics. First, the goods are delivered before the price is paid in full. This excludes transactions in which a s…

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E. Allan Farnsworth, “II. Scope and Terminology”, in: International Encyclopedia of Comparative Law Online, Edited by: U. Drobnig, R. David, H. H. Egawa, R. Graveson, V. Knapp, A. T. Von Mehren, Y. Noda, S. Rozmaryn, V. M. Tschchikvadze, H. Valladão, H. Yntema, K. Zweigert. Consulted online on 23 January 2022 <>
First published online: 2018

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