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Simple English definitions for legal terms

consumer-credit sale

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A quick definition of consumer-credit sale:

A consumer-credit sale is when someone buys something but doesn't pay for it all at once. Instead, the seller lets the buyer pay over time, like with a loan. This type of sale can also include renting something where the rent payments add up to the item's full price.

A more thorough explanation:

Definition: A consumer-credit sale is a type of sale where the seller extends credit to the consumer. It includes a lease where the rental payments equal or exceed the retail value of the item rented.

Examples: If you buy a car and the dealership allows you to make payments over time, that is a consumer-credit sale. If you rent a TV and the rental payments add up to more than the retail value of the TV, that is also a consumer-credit sale.

Explanation: In a consumer-credit sale, the seller is essentially loaning the consumer the money to make the purchase. The consumer agrees to make payments over time, usually with interest, until the full amount is paid off. This type of sale is common for big-ticket items like cars, furniture, and appliances.

Consumer Credit Protection Act | consumer-credit transaction

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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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