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Aquinde Contract

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aquinde contract
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  Republic of the Philippines) Province of Quirino ) PERSONAL PROPERTY SALES CONTRACT   AGREEMENT made this 29th day of August, 2017 between RONNIE P. AQUINDE represented by  KRIZETTE AQUINDE  (hereinafter seller ) and MELANIE ZACATRAPUZ  (hereinafter Purchaser ). 1.   The Property . The Seller and the purchase has orally agreed to enter to a Contract of Sale of a XEROX COPYING MACHINE; 2. Purchase Price. The purchase price for the property described in paragraph 1 above is__________________________________________________________________ (P ____________) . However, payment stopped due to unavoidable circumstances. Since there is still Sixteen thousand (P16,000.00) pesos unpaid balances and possession remained to the seller, parties now agree to continue the payment in installment basis with the following dates and amount: a.   1 st  isntallment: October 2,2017 -------------------------------- P2,000.00 b.   2 nd  installment: November 2,2017 ---------------------------- P 2,000.00 c.   3 rd  installment: December 2, 2017----------------------------- P 2,000.00 d.   4 th  installment: January 2, 2018 ---------------------------------P 2,000.00 e.   5 th  installmet: February 2, 2018 --------------------------------- P 2,000.00 f.   6 th  installment: March 2, 2018 ---------------------------------- P 2,000.00 g.   7 th  installment: April 2, 2018 ------------------------------------- P 2,000.00 h.   8 th  installment: May 2, 2018 ------------------------------------- P 2,000.00 3. That on this day, seller agrees to transfer physical possession to the purchaser, to generate income from the said machine; 4.  Warranties of the Seller.  The Seller hereby warrants and represents to the Purchaser that: (a) The Seller owns and has good and marketable title to the property being conveyed herein, free and clear of any pledges, liens, judgments, encumbrances, security interests, claims or contract rights, and further promises and covenants to refrain from so encumbering same from the date of execution of this agreement until closing;  (b) No approval or consent of any third person is required to effect the sale; 5. Benefit . This agreement shall be binding upon and inure to the benefit of the parties hereto and their legal representatives, successors and assigns. 7. Invalid Provision . In the event any provision or sub provision of this agreement is held to be void, invalid or unenforceable in any respect, then the same shall not affect the remaining provisions or sub provisions hereof, which shall continue in full force and effect. 8. Entire Agreement. This agreement contains the entire understanding of the parties. It may not be changed orally. This agreement may only be amended or modified in writing and with such writing being executed by both parties hereto. IN WITNESS WHEREOF , the parties have executed this agreement the day and year first above written. For and on behalf of RONNIE P. AQUINDE: KRIZETTE MAE AQUINDE MELANIE ZACATRAPUZ Seller Representative Purchaser WITNESSES: Atty. KATE CARA C. GATCHALIAN-ANTOLIN Atty. MA. KAREN A. BALDONADO-GUILLERMO

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