conditional sales

Conditional sales are agreements where the buyer commits to purchasing an item, but the sale is only finalized if certain conditions are met—such as meeting specific payment terms or achieving approval. If those conditions aren't fulfilled, the seller isn't obligated to transfer ownership, and the buyer isn't required to complete the purchase. This arrangement allows both parties to proceed with some protections: the seller secures a commitment, while the buyer has an opportunity to satisfy conditions before completing the transaction. Essentially, it's a sale that depends on the satisfaction of predefined conditions.