Missouri Conditional Sales Contract

State:
Multi-State
Control #:
US-01690-AZ
Format:
Word; 
Rich Text
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

Under contract law, a breach occurs when a (1) party is under an absolute duty to perform, this (2) absolute duty of performance has not been discharged, and there is a (3) failure to perform in ance with the contract's terms.

A breach of contract occurs whenever a party who entered a contract fails to perform their promised obligations.

For written contracts, the statute of limitations is five years. (Refer to §516.120(1).) For payment of money or property, it's 10 years.

What is required for the creation of a legally enforceable contract? For a contract to be legally enforceable, there must be an offer to enter into the contract, an acceptance of the same offer, and an exchange of ?consideration.? These three ?elements? are required for a legally enforceable contract to be created.

In addition to any other right under law to rescind a contract, an owner has the right to cancel a contract until midnight of the third business day after the day on which the owner signs a contract which complies with section 407.938.

A breach of contract claim seeking $5,000.00 or less may be filed in a Missouri small claims court. Missouri associate circuit court cases are limited to claims of $25,000.00 or less, and all other breach of contract claims filed in a Missouri state court must be filed in the circuit court.

Under contract law, a breach occurs when a (1) party is under an absolute duty to perform, this (2) absolute duty of performance has not been discharged, and there is a (3) failure to perform in ance with the contract's terms.

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Missouri Conditional Sales Contract