CONTRACT FOR PURCHASE OF PERSONAL PROPERTY

 

This contract is for the purchase of personal property made by

and between(Seller) and (Buyer).

 

For good and valuable consideration the parties agree as follows:

 

1. Seller agrees to sell and Buyer agrees to buy the below

described property:

 

2. The mutually agreed purchase price is [$]; payable as

follows: [$] as a deposit due no later than [day][month],

[year]. The balance of [$] will be payable on delivery

by cash or certified check.

 

3. Seller warrants it has good and legal title to the said

property and has full authority to sell it. The said property is

to be sold by warranty bill of sale free and clear of all liens,

encumbrances, liabilities, and adverse claims of any kind.

 

4. Said property is sold as is. There is no warranty of

merchantability, fitness, or working order or condition of the

property except that it is sold in its present condition.

 

5. The parties agree that title to the property will transfer to

the Buyer when said property is delivered to the Buyer's address.

 

6. This agreement shall be binding upon and inure to the benefit

of the parties, their assigns, successors, and personal

representatives.

 

IN WITNESS WHEREOF the undersigned have hereunto set their hands

this [day] of [month], [year].

 

 

___________________________

Buyer

 

 

___________________________

Seller

 


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Contract for Purchase of Personal Property.doc




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