Conditional Sales Agreement of Automobile between Individuals and Assumption of Outstanding Indebtedness
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FAQ
Hire Purchase, Conditional Sale and Personal Contract Purchase are types of secured finance agreements.
Most house buyers enter into conditional agreements. It is important to note that you are not entitled to cancel a conditional contract simply because you change your mind.
A Conditional Sale agreement is the same as Hire Purchase, except that you will automatically own the car once the finance has been repaid in full.
Hire Purchase is an agreement that gives you the option to own the car at the end of the agreement.A Conditional Sale agreement is the same as Hire Purchase, except that you will automatically own the car once the finance has been repaid in full.
A conditional contract is a type of contract where the sale of the property will only proceed if certain conditions outlined in the contract are met. The contract is called 'conditional' until the conditions listed are satisfied, at which stage it becomes 'unconditional'.
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.
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.
A conditional sales agreement is a financing arrangement between a buyer and a seller for higher-priced goods or services (often the buyer is referred to as the debtor and the seller as the creditor). This type of agreement is often issued by car dealerships, and furniture or appliance stores.
A conditional sales agreement is a financing arrangement where a buyer takes possession of an asset, but its title and right of repossession remain with the seller until the purchase price is paid in full.If the business defaults on its payments, the seller will repossess the item.