Article 693. Advance Payment for Goods

Article 692. Payment for Goods

1. The buyer shall be obliged to pay for goods after their acceptance or after acceptance of the documents of title to the goods, unless the other payment period is established by a sales contract or civil law acts.

2. The buyer shall be obliged to pay to the seller the full price for the delivered goods. A sales contract may specify the installment payments.

3. In case of delay in payment for the goods the seller shall have the right to claim the goods payment and the interest for using the other’s monetary funds.

4. If the buyer refuses to accept and pay for the goods, the seller shall have the right at his option either to claim the goods payment or to reject a sales contract.

5. If the seller is obliged to deliver to the buyer the other goods besides the unpaid ones, he shall have the right to suspend the goods delivery until the buyer pays fully for the previously delivered goods, unless otherwise is established in a sales contract or civil law acts.

1. If a sales contract specifies the buyer’s obligation to pay for the goods partially or fully prior to their delivery by the seller (advance payment), the buyer shall have to effect payment within the term specified in a sales contract and if such term is not specified – within the term established by Article 538 of this Code.

In case the buyer does not fulfill the obligation on an advance payment for goods, the provisions of Article 538 of this Code shall be applied.

2. If the seller that received an advance payment fails to deliver the goods with the established term, the buyer shall have the right to claim the delivery of the paid goods or the return of the advance payment.

3. Pursuant to Article 536 of this Code, the interest shall be charged for the sum of an advance payment since the day of the assumed delivery of the goods till the day of their actual delivery to the buyer or return him of an advance payment. A sales contract may specify the

seller’s obligation to pay the interest for the sum of an advance payment since the day of its receipt from the buyer.

Article 694. Goods’ Sale on Credit

1. A sales contract may provide for the goods sale on credit with deferred payment or installment payment.

2. The goods shall be sold on credit at the prices effective at the sales day. Change in the goods price sold on credit shall not be the ground for recalculations, unless otherwise is specified by a sales contract or the law.

3. In case the seller fails to fulfill his obligation on delivery of goods sold on credit, provisions of Article 665 of this Code shall be applied.

4. If the buyer delays to pay for the goods sold on credit, the seller shall have the right to claim the return of the unpaid goods.

5. If the buyer delays with the goods payment, an interest shall be charged for the delayed amount pursuant to Article 536 of this Code since the day of the assumed payment for the goods till the day of actual payment.

A sales contract may provide for the buyer’s obligation to pay interest for the amount corresponding to the price of goods sold on credit since the day of the goods delivery by the seller.

6. The seller shall have the right of the goods’ mortgage since the moment of transfer of the goods sold on credit till their payment.

Дата добавления: 2014-01-07