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                    [Summary] => Purchase by installment is a common mode of acquiring properties particularly chattels such as cars and appliances.  Also common is a provision in the contract, which usually takes the form of a Deed of Conditional Sale, that if the buyer fails to pay any of the installments when due or otherwise fail to comply with any of the terms and conditions stipulated therein, the said Deed shall automatically be rescinded and become null and void and all sums so paid by the buyer shall be forfeited and considered as rental.
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DELTA MORTOR SALES

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abtest

Optional

By A LAW EACH DAY (KEEPS TROUBLE AWAY) | By Jose C. Sison | March 17, 2005 - 12:00am

Purchase by installment is a common mode of acquiring properties particularly chattels such as cars and appliances. Also common is a provision in the contract, which usually takes the form of a Deed of Conditional...

Opinion