The following would constitute tacit granting of credit 6 things:
Where the seller accepts security for the payment of the purchase price (such as a pledge, bond surety);
Where the parties agree on an interest rate for the payment of interest on the purchase price;
Where the granting of credit can be deduced from previous transactions between the parties;
Where it is customary for that specific commercial transaction to be concluded on a credit basis;
Where the seller accepts a post-dated bill of exchange or cheque as payment;
Where the seller does not insist on immediate payment, or does not reclaim the object sold within a reasonable time even though the parties agreed on a cash sale.
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Comments:
Study theme 5: Delivery, transfer of ownership and double sales
