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VI. Comparison and Critique
(1,167 words)

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

Completed in July 1972

E. Allan Farnsworth

53. Form and function. – From its inception in the nineteenth century, the field of installment sales has been plagued by emphasis on form rather than function. Dealers and financing institutions have, at various times and in various legal systems, employed differences in form as a means of protecting themselves against third parties (supra s. 9, 10, 12, 14), avoiding economic controls (supra s. 24), escaping the usury laws (supra s. 37), freeing the financing institutio…

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E. Allan Farnsworth, “VI. Comparison and Critique”, 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 16 January 2022 <>
First published online: 2018

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