Question

Please provide information on Noel's arrangement to buy a motorcycle from his neighbor Prue and the payment terms involved.

Answer 1

Noel's arrangement to buy a motorcycle from his neighbor Prue involves payment terms that specify how and when Noel will make the payments.

Step-by-step explanation:

Noel's arrangement to buy a motorcycle from his neighbor Prue involves a payment plan. The payment terms, which are the agreed-upon conditions for the payment, specify how and when Noel will make the payments to Prue.

For example, the payment terms may state that Noel will make a down payment of $1000 upfront and then pay $200 per month for 12 months until the full amount is paid.

The specific payment terms in Noel's arrangement with Prue would need to be determined by them both and could include factors such as the total price of the motorcycle, the down payment amount, the number of monthly payments, and any interest or fees.