"Britney is selling her bungalow via an installment contract. The buyer made payments dutifully for five years, but has not made any payments for more than a year." This is further explained below.
Generally, A contract known as an installment purchase agreement is one that facilitates the financing of the purchase of assets.
In conclusion, Britney has the right to retain the whole of the money that was received and to reclaim the property.
Read more about the installment contracts.
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