Cash

In all sales for cash the money must be paid when the property is delivered. A sale for cash is a sale for the money in hand. But when a factor is directed to sell grain for cash, evidence may be given of a well-established custom to allow the purchaser to receive the grain, and call for the money in a few days after delivery. Where goods are sold for cash, but the delivery is unconditional and without fraud or mistake, the title vests in the vendee notwithstanding the cash was not in fact paid.' The idea of a sale on credit is that the vendee is to have the thing sold on his assumption to pay, and before actual payment.* See Credit; Current, 2; Money; Place, 1, Of delivery, payment; Sale; Value.