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III. Form of Transaction
(11,477 words)

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

Completed in July 1972

E. Allan Farnsworth

9. Introduction. – In those countries where the installment sale has a long tradition, its modern form is so closely tied to its history over the past century that it can be understood only against an historical background. For this reason, each of the three principal types of secured installment sales (the sale form, the lease form and the loan form) will be discussed in connection with a single legal system which has been chosen as a prototype. For the sale form the united states h…

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E. Allan Farnsworth, “III. Form of Transaction”, 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 28 January 2022 <>
First published online: 2018

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