Buyers Sam and Linda Pope are entering into a contract with sellers Jim and Alana Jones in which part of the sale price of the property will be deferred. What kind of contract is it

installment sales contract

Explanation:A retail installment sales contract agreement shares some similarities with a loan but they are different. Similarities are that they both require that there must be an agreement between parties to make payments over time. They both includes signing up for that agreement to be valid.

An installment sale contract though is an agreement between you and a seller to make a purchase of a product and paying it over time whilst a loan deals with borrowing and paying money back monthly.

answer; i believe its called ; checks   and balances;

no because it could make the world a terrible place to live in.