New York Penal Law 185.15: Fraudulent disposition of property subject to a conditional sale contract.

Contracts used in a variety of purposes often give clear directions regarding payment, particularly if payment is not completed at the time of sale. In some situations, violating a contract stipulation could also be a criminal act. In New York, one crime that can have some criminal penalties is the fraudulent disposition of subject due to a conditional sale contract.

The Crime of Fraudulent Disposition of Subject Due to a Conditional Sale Contract

The crime of fraudulent disposition of subject due to a conditional sale contract occurs when an individual signs a contract to buy an item, does not pay for the item 100% at the time of sale, and later disposes or sells the item before they have paid the owed balance in full.

Example of the Crime