Indiana Code 24-5-16-3. “Installment sale agreement” defined
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Terms Used In Indiana Code 24-5-16-3
- buyer: means a person who buys goods from a seller. See Indiana Code 24-5-16-1
- seller: has the meaning set forth in IC 26-1-2-103(1)(d). See Indiana Code 24-5-16-10
Sec. 3. As used in this chapter, “installment sale agreement” means a credit sale of goods by a seller to a buyer for a deferred payment price payable in one (1) or more installments.
As added by P.L.80-1990, SEC.16.