Article 488. Payment for goods sold on credit

1. Where the contract of sale provides for payment of the goods at a certain time after the goods have been handed over to the buyer (sale on credit), the buyer must pay within a period of time prior to delivery of the goods. 2. In the event of failure by the seller to fulfil its obligation to transfer, 3. In cases where the buyer that has received the goods fails to meet the obligation to pay it in accordance with the contract of sale, the rules laid down in article 328 of the present Code shall apply. 4. When the buyer fails to meet the obligation to pay for the goods handed over to the prescribed debtor, the seller is entitled to demand payment of the goods transferred or the return of the outstanding goods. The period of time or otherwise is not provided for in this Code of Commerce, interest on an outstanding amount shall be payable in accordance with article 395 of this Code from the date on which the contract The contract may require the buyer to pay interest on the amount corresponding to the price of the goods from the day of payment by the buyer. 5. Unless otherwise provided for in the contract of sale, from the time the goods are handed over to the buyer to its payment, the goods sold on credit shall be deemed to be in possession of a security bond. The buyer’s obligation to pay for the goods is secured.