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Agreement Of Installment

Some tempering contracts are structured in such a way that the amount to be paid monthly to the tempering seller corresponds to the amount that would have been paid under a note equal to the purchase price, which would be remunerated at an agreed interest rate and payable in monthly instalments over an agreed amortization period. After a few years, a balloon payment may be required. If nothing else is provided for in the agreement, the seller may, in the event that the buyer does not make the payment(s), terminate the tempered contract (in which case, the buyer may lose all payments previously made), or the seller may enforce the contract by contenting the buyer to obtain a judgment on the balance due and withdraw the judgment of other assets of the buyer than these. where applicable, which have been protected, within the framework of the contract, against the seller`s recourse. . . .



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