A conditional sales contract is sometimes used in commercial finance, whereby the seller retains title to the goods through a purchase money security interest. Ownership passes to the purchaser when the installments are fully paid.
Conditional Sales Contract
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State:
Multi-State
Control #:
US-02965BG
Format:
Word;
Rich Text
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Description Conditional Sales Contract
Free preview Sales Contract Template
How to fill out Sale Agreement Form?
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Contract Of Sale FAQ
A conditional contract is a type of contract where the sale of the property will only proceed if certain conditions outlined in the contract are met. The contract is called 'conditional' until the conditions listed are satisfied, at which stage it becomes 'unconditional'.
A conditional contract, also called a hypothetical contract, is a contract agreement that only requires performance once the delineated conditions are met.If the other agreement or condition is performed, then the conditional contract is enforceable and the parties are bound to carry out the terms of the contract.
A conditional contract, also called a hypothetical contract, is a contract agreement that only requires performance once the delineated conditions are met.If the other agreement or condition is performed, then the conditional contract is enforceable and the parties are bound to carry out the terms of the contract.
A conditional sales agreement is a financing arrangement between a buyer and a seller for higher-priced goods or services (often the buyer is referred to as the debtor and the seller as the creditor). This type of agreement is often issued by car dealerships, and furniture or appliance stores.
The Contract of Sale is only binding once the seller and the buyer have signed the document. A conditional Contract means the sale of the property will only occur if certain conditions are met.Including conditions can protect you if those conditions are not met and you want to withdraw from the Contract.
A conditional contract is an agreement or contract conditional upon a specific event, the occurrence of which, at the date of the agreement, is uncertain. A common example is a contract conditional upon the buyer getting planning permission.