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Current as of January 01, 2026 | Updated by Findlaw Staff
In the event a contract provides for the payment of any installment which is more than double the amount of the average of the preceding installment, the buyer, upon default of this installment, shall be given an absolute right to obtain a new payment schedule. Unless agreed to by the buyer, the periodic payments under the new schedule shall not be substantially greater than the average of the preceding installments.
Cite this article: FindLaw.com - Delaware Code Title 6. Commerce and Trade § 4326. Default in payment of certain installments; buyer entitled to new payment schedule - last updated January 01, 2026 | https://codes.findlaw.com/de/title-6-commerce-and-trade/de-code-sect-6-4326/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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