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Part I International Sales Governed by English Law, 6 Payment

MG Bridge

From: The International Sale of Goods (4th Edition)

Michael Bridge

From: Oxford Legal Research Library (http://olrl.ouplaw.com). (c) Oxford University Press, 2021. All Rights Reserved.date: 20 September 2021

6.01 In domestic sale transactions, payment may be made by a variety of methods, ranging from the manual transfer of cash or cheques to interbank transfers. The latter transfers can embrace bank giro credits, standing orders, and direct debits, and the transfers themselves can be effected by various means.1 They may be carried out manually within the system or, as is increasingly likely and overwhelmingly in terms of value, through automatic systems such as BACS Ltd (Bankers Automated Clearing Services) and, especially, CHAPS (Clearing House Automated Payment...
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