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    Contract To Sell Motor Vehicle

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    jr camplon

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    © All Rights Reserved
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    Contract To Sell Motor Vehicle

    Uploaded by

    jr camplon
    23K views3 pages

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    325870273-Contract-to-Sell-Motor-Vehicle.docx

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    23K views3 pages

    Contract To Sell Motor Vehicle

    Uploaded by

    jr camplon

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 3

    CONTRACT TO SELL

    KNOW ALL MEN BY THESE PRESENTS:

    This CONTRACT TO SELL is made and executed this 24th day of May 2016 by
    and between:

    EDIZA NANELL A. CAGAS, of legal age, single, Filipino, and with residence and
    postal address at Trillum Street, Sunrise Village, Kauswagan, Cagayan de Oro City,
    Misamis Oriental, Philippines, hereinafter referred to as the "SELLER / VENDOR";

    -AND-

    REYMUNNETH FRANCES M. GOMEZ, Filipino and with residence and postal


    address at Block 54, Lot 4, Xavier Heights Subdivision, Upper Balulang, Cagayan
    de Oro City, Misamis Oriental, Philippines, hereinafter referred to as the "BUYER /
    VENDEE".

    WITNESSETH;

    WHEREAS, the SELLER / VENDOR is the absolute and registered owner of the
    following motor vehicle, more particularly described as follows:

    MODEL : ___________________
    MAKE : ___________________
    COLOR : ________________________
    BODY : ________________________
    YEAR MODEL:
    MOTOR NO. : ____________________
    SERIAL / CHASSIS NO. : ____________
    PLATE NO. : _____________________
    FILE NO. : ___________________
    C.R. NO. : ___________________

    NOW THEREFORE, for and in consideration of the total sum of Two Hundred
    Fifty Thousand Pesos only (Php 250,000.00) Philippine currency, and of
    the covenants herein after set forth, the SELLER / VENDOR agrees to sell and
    the BUYER / VENDEE agrees to buy the aforesaid motor vehicle subject to the
    following terms and conditions:

    1. The BUYER / VENDEE shall pay a downpayment of Five Thousand Two


    Hundred Eight and 33 / 100 (Php 5, 208.33) Philippine currency, upon execution
    of this Contract to Sell;

    2. Possession to the aforesaid motor vehicle shall be delivered by the SELLER /


    VENDOR to the BUYER / VENDEE upon the downpayment referred to herein;

    3. The balance of Two Hundred Thirty Nine Thousand Five Hundred Eighty
    Three and 34 / 100 (Php 239, 583.34) Philippine currency, shall be paid by the
    BUYER / VENDEE to the SELLER / VENDOR in 48 months consecutive equal
    installments at Four Thousand Nine Hundred Ninety One and 32 / 100 (Php 4,
    991.32) Philippine currency, per installment on every 30th of the month.
    Otherwise, the BUYER / VENDEE, if unable to pay two consecutive equal
    installments, shall immediately turnover possession of the subject motor vehicle
    to the SELLER / VENDOR immediately and all the installments already made
    shall be considered as mere rentals for the use of the subject motor vehicle;

    4. Upon full payment of the aforesaid purchase price, the SELLER / VENDOR shall
    sign and execute a DEED OF ABSOLUTE SALE in favor of the BUYER /
    VENDEE for the aforesaid motor vehicle, free from all liens and encumbrances
    whatsoever;

    5. All expenses arising out of or incidental to the execution of the corresponding


    Deed of Absolute Sale, as well as registration fees required to transfer ownership
    to the BUYER / VENDEE’s name shall be for the exclusive account of the
    BUYER / VENDEE;

    6. All fuel expenses as well as expenses for the maintenance, repairs, future
    insurance and registration fees of the subject motor vehicle shall, starting from
    the date of delivery thereof to the BUYER / VENDEE, shall be borne by the
    BUYER / VENDEE.

    IN WITNESS WHEREOF, the parties have hereunto affixed their signatures, this
    24th day of May 2016 at Cagayan de Oro City, Misamis Oriental, Philippines.

    EDIZA NANELL A. CAGAS REYMUNNETH FRANCES M. GOMEZ


    Seller / Vendor Buyer / Vendee

    WITH MARITAL CONSENT:

    CHRISTOPHER L. GOMEZ
    Name of Buyer / Vendee's Spouse

    SIGNED IN THE PRESENCE OF:

    __________________________ ____________________________
    ACKNOWLEDGMENT

    REPUBLIC OF THE PHILIPPINES)


    _____________________________ ) SS.

    BEFORE ME, a Notary Public, this 24th day of May 2016, personally appeared the
    following:

    Name CTC Number Date/Place Issued

    Ediza Nanell A. Cagas 10000000 Cagayan de Oro City


    Reymunneth Frances M. Gomez 10000000 Cagayan de Oro City

    This instrument, consisting of three (3) pages, including the page on which this
    acknowledgment is written, has been signed on the left margin of each and every page
    thereof by the concerned parties and their witnesses, and sealed with my notarial seal.

    IN WITNESS WHEREOF, I have hereunto set my hand the day, year and place
    above written.

    Notary Public

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