CONTRACT
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ScribdTranslationsCREDIT SALE AGREEMENT WITH RESERVATION CLAUSE
OF PROPERTY
BETWEEN THE UNDERSIGNED
Mr………………………………………………………………………………………..,
residing and domiciled at …………………………………………………, Cel
………………………………………….., hereinafter referred to as "the selling owner" of a
part ;
And
Mr.
residing and domiciled at ……….…………………………………………… , hereinafter referred to as
The buyer-driver
IT HAS BEEN AGREED AND SETTLED AS FOLLOWS
SUBJECT:
Hereby, Mr. ……………………………………………………………. sells on credit to
Mr …………………………………………….. who accepts a new car intended for a
usage
ARTICLE 2: DESIGNATION
The car brand …………………………………, type………………………….., chassis
N° ………………………………… engine N°…………………………………………,
TG ...
ARTICLE 3: ORIGIN
The car thus declared belongs to the seller, who states that they acquired it through purchase;
ARTICLE 4: PRICE
The sale is made and accepted at the price of
……………………………………………………………………………………
(……………………….). FCFA, payable by weekly or monthly payment of:
…………………………… (………………………..) FCFA, within a period of …………………
(………) months the payments will be made weekly at the owner's home or in the
hands of his duly authorized representative;
At the end of the amount stated above, the car will automatically become yours without any other
formality of full and complete ownership of the buyer-conductor and all other documents will be
moved in his name;
ARTICLE 5: ENJOYMENT
The gentleman
Enter
in possession of the car upon signing this contract and will have full responsibility for
his custody. However, the transfer of ownership of the device will only take place after the
full payment of the agreed price. Consequently, he will not be able to dispose of or alienate before
term.
ARTICLE 6: OBLIGATIONS CHARGES:
Owner's obligation
He agrees not to disturb the acquiring driver in their right to operate.
peaceful of the car;
He further agrees to indemnify the buyer-driver against all disturbances,
claims or eviction that may concern him in the use of the car
He agrees to take out insurance.
Obligation of the acquiring driver
He commits to using the car as a good father of the family until the full payment of the price.
agreed;
He must personally drive the car;
The repair and maintenance costs of the said car are at his expense;
He must take out a new insurance policy upon the expiration of the one made by the
owner in such a way that no liability of the latter is incurred in case
of an accident in which the car would be involved
He is required to reimburse the price of the car in the event of theft or an accident rendering it
irrecoverable
The non-payment justified by repair costs exceeding the amount of a payment
must be brought to the owner's attention within 48 hours
the immobilization of the car will be subject to a later adjustment.
ARTICLE 7: GUARANTEE
For the security of payment of the agreed price, Mr or Mrs
Residing and domiciled at
.......................... jointly guarantees
Mr................................... The guarantor is obligated to ensure
respect by the buyer of its obligations and to make every effort so that the deadline
the agreed payment should be respected by the latter.
He commits jointly with the buyer-driver to repay the full price of
sale of the car in case of loss.
ARTICLE 8: RESOLUTION CLAUSES
In the absence of payment by their due date of two consecutive installments without reason
valid, or in case of non-compliance with any of the clauses of this contract, the
the owner is entitled to request the termination of the contract, provided that the car is
in a state of use.
ARTICLE 9: JURISDICTIONAL COMPETENCE
Any dispute that may arise from the execution or interpretation of the provisions of
This contract will be settled amicably. In case of failure to reach an amicable settlement, the
jurisdiction is expressly granted to the Court of First Instance of Kara.
ARTICLE 10: ELECTION OF DOMICILE
For the execution of this contract, both parties elect domicile each in
his home.
Made in …………….., on ………………………..
THE OWNER THE DRIVER-BUYER
SELLER
THE CAUTION