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P-40.1 - Consumer Protection Act

Section 132
Disposition versions

Full text
132. An instalment sale is a contract involving credit whereby a merchant selling goods to a consumer reserves ownership of the goods until the consumer’s performance of all or part of his obligation.
1978, c. 9, s. 132; 1998, c. 5, s. 22.
132. An instalment sale is a contract involving credit whereby the transfer of ownership of the goods sold by a merchant to a consumer is deferred until the consumer’s performance of all or part of his obligation.
1978, c. 9, s. 132.
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