Installment Sale Contract
The first party (seller) .......... agrees to sell .......... to the second party (buyer) .......... for a total of 2,450. The buyer has paid 500 as a down payment, and the balance is payable in 12 monthly installments according to the schedule below. The buyer commits to paying each installment on its due date; if two consecutive installments are missed, the seller may demand the full remaining balance.
Buyer ID number: ..........Guarantor name: ..........
Payment schedule
| # | Due date | Amount | Received (signature) |
|---|
Financed amount: 1,950
Seller signature: ..........Buyer signature: ..........Guarantor signature: ..........