Modes of Payment
The method of payment in a sales contract is as negotiated between the Buyer and Seller.There are 4 main methods of payment:
These are:
- The Cash with Order
- The Open Account
- The Bill of Exchange
- The Documentary Letter of Credit
The method of payment in a sales contract is as negotiated between the Buyer and Seller.There are 4 main methods of payment:
These are:
