An agreement of sale and a sale deed both are important documents for the transfer of property from seller to buyer. (hereinafter "buyer"), and.The document is an agreement for the sale of land with a down payment between Manuel King Q. Gaerlan and Angelita P. Valdriz-Gonzales. This course will resolve common problems, misconceptions and misunderstandings related to the. Courts must "fill in" the gaps in the statute. The property and improvements which the Seller is agreeing to sell and which the Purchaser is agreeing to purchase is known as. Howard's aversion to the minutiae of business ownership reared its head after he decided to sell his mining operation. In this section, the parties agree that the seller will sell the shares and the buyer will purchase them at the agreed price and timescale.