What kind of contract is a contract of sale?

Contract of Sale of Business Also called a 'sale of a business' or 'business transfer agreement', it is a bilateral contract between the parties when they want to buy/sell a business. It outlines the terms and conditions of a business sale.

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Georgia
Retail Installment Contract or Agreement

Georgia Retail Installment Contract or Agreement

Q: What kind of contract is a contract of sale?

Contract of Sale of Business Also called a &#039;sale of a business&#039; or &#039;business transfer agreement&#039;, it is a bilateral contract between the parties when they want to buy/sell a business. It outlines the terms and conditions of a business sale.

Category:

Contracts - Retail Installment

State:

Multi-State

Control #:

US-002WG

Format:

Instant download

Description

A retail installment agreement is an agreement signed by the Purchaser involving a finance charge and providing for the sale of goods or services. Federal and some State Laws (Consumer Credit Protection Acts) require the disclosure of what the Purchaser is being charged for the credit he/she is receiving. These disclosures include such things as the amount being financed; finance charges; the annual percentage rate; and the number of payments and when due. However, such disclosures are usually only required when a person regularly extends consumer credit (e.g. more than 25 times in the preceding calendar year).

This form is for a casual seller who does not enter into such transactions on a regular basis. It can also be used in commercial transactions (e.g., credit that is not being extended primarily for personal, family, or household purposes).

The Purchaser in this form grants the Seller a security interest in the collateral being sold. A security interest is an interest in personal property or fixtures that secures payment or performance of an obligation. The Seller requires the Purchaser to secure the obligation with the personal property being purchased so that if the Purchaser does not pay as promised, the Purchaser can take the collateral back, sell it, and apply the proceeds against the unpaid obligation of the Purchaser.

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How to fill out Retail Installment Contract Or Agreement?

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FAQ

Contract of Sale of Business Also called a 'sale of a business' or 'business transfer agreement', it is a bilateral contract between the parties when they want to buy/sell a business. It outlines the terms and conditions of a business sale.

Introduction. An installment contract (also called a land contract or articles of agreement for warranty deed or contract for deed) is an agreement between a real estate seller and buyer, under which the buyer agrees to pay to the seller the purchase price plus interest in installments over a set period of time.

An installment contract is a single contract that is completed by a series of performancessuch as payments, performances of a service, or delivery of goodsrather than being performed all at one time. Installment contracts can provide that installments are to be performed by either one or both parties.

An installment purchase agreement is a contract used to finance the acquisition of assets. Under the terms of such an agreement, the buyer pays the seller the full purchase price by making a series of partial payments over time. The payments include stated or imputed interest.

Retail installment contract or contract means any contract for a retail installment sale between a buyer and seller, entered into or performed in this state, which provides for (a) repayment in installments, whether or not such contract contains a title retention provision, and in which the buyer agrees to pay a

A retail installment sale is a transaction between you and a dealer to purchase a vehicle where, you agree to pay the dealer over time, paying both the value of the vehicle plus interest. A dealer can sell the retail installment contract to a lender or other party.

A retail installment sales contract agreement is slightly different from a loan. Both are ways for you to obtain a vehicle by agreeing to make payments over time. In both, you are generally bound to the agreement after signing.

In an installment sale contract sometimes called a contract for deed generally the owner agrees to sell the real estate to the buyer for periodic payments to be applied to the purchase price in some fashion.