SALE ON INSTALLMENT AGREEMENT

Know all men by these presents:

_______________________________, of legal age, and a resident of
____________________, herein referred to as BUYER.
AND
RALPH JOHN MARCO GABOT OCAMPO, of legal age, and a resident of Casantaan,
Urdaneta City, Pangasinan, herein referred to as SELLER.
WITNESSETH, THAT:
The SELLER wishes to offer for sale a second-hand cellular mobile phone, described as:
Cellular Phone Unit:____________________
Series:_______________________________
The BUYER wishes to buy the above-mentioned good from the SELLER.
Now, therefore, in consideration of the premises and covenants contained herein, the
PARTIES hereby agree as follows:
I. PRICE
The price for the good is _____________________________________________________
(PHP __________).
II. DOWNPAYMENT
The BUYER shall pay a down-payment of
_________________________________________ (PHP_____________). The down-payment
shall be due at the time of execution of this contract and simultaneous with the delivery of the
goods.
III. INSTALLMENT PAYMENTS
The BUYER shall pay the balance plus interests in equal monthly installment payments
every month from the time of the execution of this contract. The period shall be for:
____ Three (3) months
____Six (6) months
(Put a check on the applicable installment period)
Each monthly installment payments shall be for the amount of
________________________________ (PHP__________________).
The SELLER shall issue an acknowledgment receipt on any installment payments received
and render a proper accounting to the payments made by the BUYER.
IV. DISCLAIMER OF WARRANTY
The SELLER hereby warrants its full right and civil capacity to transfer and dispose the
said cellular phone unit and will defend the same against any adverse claims whatsoever.
THAT the BUYER acknowledges that the unit is a second-hand cellular phone and is
willing to purchase it in “as-is” basis.
THAT the BUYER acknowledges that it has made a full investigation, inspection, and
examination of the goods and that the SELLER has afforded the BUYER ample opportunity for
the same
THAT the BUYER has fully checked the unit and upon his/her satisfaction, the unit is
working and fit for use.

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 THAT after the perfection of the sale and upon the signing of this agreement, the BUYER
will not hold the SELLER for any liabilities in relation with the purchase. The BUYER hereby
WAIVES his/her right of action against the SELLER before any court, tribunal or administrative
agency.
V. RISK OF LOSS
Risk of loss of the Good transfers to the BUYER when the BUYER takes physical
possession of the goods.
VI. IN CASE OF BREACH
The BUYER shall be in breach of this Agreement if the BUYER fails to make timely
payment on any amount due under this Agreement. Upon Buyer's breach, the SELLER may, at
its sole discretion, and upon notice to the BUYER, extra-judicially rescind this agreement and
pursue any rights and remedies available to an Unpaid Seller, including recovering the cost of the
suit and, if applicable, attorney’s fees.
VII. UPON FULL PAYMENT
The SELLER, upon payment of the last installment payment by the BUYER, shall notify the
latter of the fact of the termination of the installment period and shall issue a receipt in favor of
the buyer.
VIII. SEVERABILITY CLAUSE
The invalidity of any portion of this agreement will not and shall not be deemed to affect
the validity of any other provision. In the event that any of provision of this agreement is invalid,
the SELLER and the BUYER agree that the remaining provisions shall be deemed to be in full
force and effect.
IN WITNESS WHEREOF, the parties sign this deed this ___ day of _______________,
______, at ____________________________.

____________________________ RALPH JOHN MARCO GABOT OCAMPO

Buyer Seller

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