This document is a Deed of Absolute Sale between Nicolas Ingal and Dominador Palma for the sale of an Australian Brangus Cow. Nicolas Ingal agrees to sell the cow to Dominador Palma for 70,000 Philippine pesos. A down payment of 20,000 pesos will be made upon signing, with the remaining 50,000 pesos due on delivery of the cow on November 1, 2020. The deed transfers ownership of the cow to Dominador Palma upon full payment.
This document is a Deed of Absolute Sale between Nicolas Ingal and Dominador Palma for the sale of an Australian Brangus Cow. Nicolas Ingal agrees to sell the cow to Dominador Palma for 70,000 Philippine pesos. A down payment of 20,000 pesos will be made upon signing, with the remaining 50,000 pesos due on delivery of the cow on November 1, 2020. The deed transfers ownership of the cow to Dominador Palma upon full payment.
This document is a Deed of Absolute Sale between Nicolas Ingal and Dominador Palma for the sale of an Australian Brangus Cow. Nicolas Ingal agrees to sell the cow to Dominador Palma for 70,000 Philippine pesos. A down payment of 20,000 pesos will be made upon signing, with the remaining 50,000 pesos due on delivery of the cow on November 1, 2020. The deed transfers ownership of the cow to Dominador Palma upon full payment.
This document is a Deed of Absolute Sale between Nicolas Ingal and Dominador Palma for the sale of an Australian Brangus Cow. Nicolas Ingal agrees to sell the cow to Dominador Palma for 70,000 Philippine pesos. A down payment of 20,000 pesos will be made upon signing, with the remaining 50,000 pesos due on delivery of the cow on November 1, 2020. The deed transfers ownership of the cow to Dominador Palma upon full payment.
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DEED OF ABSOLUTE SALE
KNOW ALL MEN BY THESE PRESENTS:
This Deed of Absolute Sale of Large Cattle (“Deed”) is made, executed and entered into by and between:
Nicolas Ingal, single, Filipino, of legal age, with postal
address at Sta. Maria, Magalang, hereinafter referred to as the “SELLER”; - and -
Dominador Palma, single, Filipino, of legal age, with postal address at San. Antonio, Magalang, hereinafter referred to as the “BUYER”
WITNESSETH: That
1. CATTLE
The SELLER has agreed to sell to the BUYER, and the BUYER has agreed to purchase, under the terms and conditions specified herein, the following described cattle (hereafter “the SUBJECT PROPERTY”):
Australian Brangus Cow
The subject property is located at Sta. Maria, Magalang and will remain in such location, pending delivery to the BUYER, unless otherwise agreed or instructed by the latter.
2. DELIVERY
The cattle is to be delivered with a clear title. Delivery of the cattle shall be
made under the following terms:
Date(s) of Delivery: November 1, 2020
Slide: $5/cwt Shrink: 2%
3. WARRANTY OF GOOD CONDITION
The cattle is of sound and merchantable condition, and free of any contagious disease(s).
The warranties made by the SELLER have been relied upon by the BUYER, and are material considerations for the BUYER in having agreed to purchase the SUBJECT PROPERTY.
4. CONSIDERATION For and in consideration of the foregoing premises, which are essential conditions of this Deed, the BUYER agrees to pay to the SELLER the total sum of SEVENTY-THOUSAND PESOS (PhP 70,000 ) Philippine currency.
A down payment of (PhP 20,000) shall be paid by the BUYER upon execution of this Deed, receipt of which is hereby acknowledged by the SELLER.
The balance of the purchase price amounting to (PhP 50,000) shall be paid by the BUYER upon completion of delivery under the above-described terms in this Deed.
Upon full payment of the consideration and completion of delivery, the SELLER hereby CEDES, SELLS, TRANSFERS and CONVEYS unto the BUYER, his assigns and successors-in-interest, the SUBJECT PROPERTY and all the SELLER’S rights, title and interests to such SUBJECT PROPERTY.
5. TAXES, DUTIES AND FEES
All costs arising from the implementation of this Deed, including but not limited to taxes, insurance, bank charges, documentation fees, processing fees, broker fees, customs fees, notarial fees, and other miscellaneous charges, shall be for the account of the BUYER.
6. BINDING EFFECT
This Deed shall inure to the benefit of and shall be binding upon the heirs, executors, successors, administrators and assigns of both parties.
IN WITNESS WHEREOF, we have hereunto signed our signatures on the 18 th
BEFORE ME, a Notary Public for and in the City of Angeles, came and personally appeared the following persons with their respective valid identification, to wit:
Name ID Type /No. Date & Place Issued Nicolas Ingal Driver’s license Quezon City No 1-12-12345 Dominador Palma Driver’s license Tarlac City No 2- 23- 23456
who are all known to me and by me known to be the same persons who executed the foregoing instrument and they acknowledged to me that the same is their free and voluntary act and deed.
This instrument refers to the Deed of Absolute Sale of Large Cattle, which consists of three (3) pages including this page where the acknowledgment is written, and signed by the parties and their instrumental witnesses on the signature page and on each and every other page thereof.
WITNESS MY HAND AND NOTARIAL SEAL on the date and in the place above written.
Atty. Ashlene Eve S. Pineda
Doc. No. 32; Page No.45; Book No.3; Series of 2020.
United States v. Louis J. Attanasio, Marie L. Attanasio, Joseph Valentino, Robert J. Mallon, Robert Attanasio, Francis S. Lamagra, 870 F.2d 809, 2d Cir. (1989)
