What is a conditional sale contract?

Conditional sale is similar to hire purchase. The agreement usually includes the condition that the goods don't belong to you until you've paid the final instalment and the lender may be able to repossess (take back) the goods if you fall behind with payments.

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Conditional Sales Contract

Tarrant Texas Conditional Sales Contract

Name: Tarrant Texas Conditional Sales Contract
Brand: US Legal Forms
Rating: 4.7 (468 reviews)

Category:

Contracts - Sale of Goods

State:

Multi-State

County:

Tarrant

Control #:

US-01690-AZ

Format:

Instant download

Description

This form is a sample conditional sales contract for the sale of goods owned by one party by a seller to third parties, but various conditions protecting owner's interest apply. Adapt to fit your circumstances.

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FAQ

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.

Expressed conditions that are implied, rather than written, can also sometimes be enforceable. Conditions are a series of facts and things that have to happen before parties to a contract have the obligation to perform. The conditions of the contract can be either precedent or subsequent.

"Contract for sale" includes both a present sale of goods and a contract to sell goods at a future time. A "sale" consists in the passing of title from the seller to the buyer for a price (Section 2-401). A "present sale" means a sale which is accomplished by the making of the contract.

A conditional sale refers to a transaction in which the purchaser receives possession of and the right to use certain goods, but the title remains with the seller until the performance of a condition is met by the buyer.

Keep in mind that in a contract of conditional sale, the buyer automatically acquires the title to the real estate property upon full payment of the purchase price. Meanwhile, in a contract to sell, the transfer of title to the prospective buyer is not done automatically.

The types of conditions in a contract can vary, but common ones include: Conditions precedent. Conditions concurrent. Conditions subsequent.

A conditional contract, also called a hypothetical contract, is a binding legal document that includes a clause stipulating the prior performance of another agreement before it can be enforceable.

A conditional promise is a promise subject to the occurrence of a specific event before the promisor is obligated to perform. A conditional contract is enforceable as long as the party subject to the condition does not have a complete control over whether the condition is fulfilled.

Conditional sale is similar to hire purchase. The agreement usually includes the condition that the goods don't belong to you until you've paid the final instalment and the lender may be able to repossess (take back) the goods if you fall behind with payments.

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Please Do Not Submit Any Zillow, Trulia, or TAD Website Printouts. N.), or Conditional Sales Contract (C.Members to Avoid Shareholder Agreement Purchase Option. United States. Congress. Senate. United States. Congress.

Tarrant Texas Conditional Sales Contract

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