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    MEMORANDUM OF AGREEMENT of Sale

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    mhar abante
    This memorandum of agreement details the sale of a Kawasaki motorcycle with sidecar from Jefferson Tapel (first party) to Reynaldo Layugan Cambari (second party). The second party agrees to buy the vehicle for 35,000 pesos, and will assume the existing loan on the vehicle from Motortrade-Bagbag totaling 74,495 pesos, to be paid in monthly installments of 4,223 pesos until July 2021. The agreement is signed by both parties and witnessed.

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    © All Rights Reserved
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    MEMORANDUM OF AGREEMENT of Sale

    Uploaded by

    mhar abante
    1K views2 pages
    This memorandum of agreement details the sale of a Kawasaki motorcycle with sidecar from Jefferson Tapel (first party) to Reynaldo Layugan Cambari (second party). The second party agrees to buy the vehicle for 35,000 pesos, and will assume the existing loan on the vehicle from Motortrade-Bagbag totaling 74,495 pesos, to be paid in monthly installments of 4,223 pesos until July 2021. The agreement is signed by both parties and witnessed.

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    MEMORANDUM OF AGREEMENT of sale.docx

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    This memorandum of agreement details the sale of a Kawasaki motorcycle with sidecar from Jefferson Tapel (first party) to Reynaldo Layugan Cambari (second party). The second party agrees to buy the vehicle for 35,000 pesos, and will assume the existing loan on the vehicle from Motortrade-Bagbag totaling 74,495 pesos, to be paid in monthly installments of 4,223 pesos until July 2021. The agreement is signed by both parties and witnessed.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    1K views2 pages

    MEMORANDUM OF AGREEMENT of Sale

    Uploaded by

    mhar abante
    This memorandum of agreement details the sale of a Kawasaki motorcycle with sidecar from Jefferson Tapel (first party) to Reynaldo Layugan Cambari (second party). The second party agrees to buy the vehicle for 35,000 pesos, and will assume the existing loan on the vehicle from Motortrade-Bagbag totaling 74,495 pesos, to be paid in monthly installments of 4,223 pesos until July 2021. The agreement is signed by both parties and witnessed.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    MEMORANDUM OF AGREEMENT

    KNOW ALL MEN BY THESE PRESENTS:

    This MEMORANDUM OF AGREEMENT is made and executed in Quezon


    City, Metro Manila, Philippines this day of ___________________ by and between:

    JEFFERSON TAPEL, of legal age, Filipino citizen, married and with


    residence and postal address at No. 69 J. P. Rizal Street Santa Lucia
    Novaliches Quezon City 1117, hereinafter referred to as the FIRST PARTY

    -and-

    REYNALDO LAYUGAN CAMBARI, of legal age, Filipino Citizen, married,


    with residence and postal address at No. 95 Kaliraya Street Bulanos State
    Tatalon Quezon City 1113, hereinafter referred to as the SECOND PARTY;

    WITNESSETH; That

    WHEREAS, THE FIRST PARTY is the registered owner of the MOTOR


    VEHICLE, subject of this MEMORANDUM OF AGREEMENT particularly
    described as follows:

    MAKE & TYPE : KAWASAKI MOTORCYCLE w/ sidecar


    SERIES : BC175H
    ENGINE : BC175AEB40524
    CHASSIS NO. : BC175H-B57959
    MV FILE NO. : 1380-00001022479
    OFFICIAL RECEIPT : 1446916376
    CERTIFICATE OF REGISTRATION : 320496713

    WHEREAS, THE FIRST PARTY agrees to sell out the MOTOR VEHICLE to
    the SECOND PARTY who is willing to buy the same;

    NOW, THEREFORE, for and in consideration of the SUM OF


    THIRTY FIVE THOUSAND AND 00/100 PESOS ONLY (P35,000.00), the
    FIRST PARTY sell unto the SECOND PARTY who hereby accepts from the
    FIRST PARTY the sold motor vehicle, subject of the following terms and
    conditions, to wit:

    ASSUMPTION OF MORTGAGE: The MOTOR VEHICLE sold is still the


    subject of the Contract of Loan with Chattel Mortgage constituted over the
    same vehicle in favor Motortrade-Bagbag which shall assumed by the
    SECOND PARTY for the same terms and conditions with that of the FIRST
    PARTY, particularly, the remaining balance of SEVENTY FOUR THOUSAND
    FOUR HUNDRED NINETY FIVE & 00/100 PESOS ONLY\(P74,495.00), with
    monthly amortization amounting to Four Thousand Two Hundred Twenty
    Three Pesos (P4,223.00), payment due every 21st of the month starting March
    2019 up to July 2021.

    That in the event that the SECOND PARTY failed to pay the amortization, the
    SECOND PARTY shall be obliged to pay the penalty per month;

    IN WITNESS WHEREOF, the parties hereby affix their signature this ___th day
    of ___________, ______, at ____________________________, Philippines.

    CONFORME:
    __________________________ _____________________
    SECOND PARTY/Vendee FIRST PARTY/Vendor
    REYNALDO LAYUGAN CAMBARI JEFFERSON TAPEL

    SIGNED IN THE PRESENCE OF:

    ____________________________ _____________________
    MARVIN V. ABANTE

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