Example of contract selling vehicle
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;

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