VEHICLE SALES AGREEMENT THIS VEHICLE SALES AGREEMENT is made this ____ day of ____________, 20___, by and beteen !HILI!!INE !R"#ENTIAL !R"#ENTIAL LI$E INS"RANCE INS"RANCE C%M!AN& C%M!AN&,, INC' ( he)einafte) he)einafte) *non as + Seller+ and (he)einafte) *non as + Buyer+' -.ye) and Se//e) sha// o//eti1e/y be *non he)ein as +the Parties+' BACKGROUND HEREAS, Se//e) has ente)ed into a Lease !.)hase A3)eement A3)eement ith -!I Renta/ Co)4o)ation fo) the a5.isition .nde) .nde) /ease 4.)hase te)ms the moto) 1ehi/e des)ibed des)ibed in Sectio A be/o he)eafte) )efe))ed to as the + Assi!e" Ve#icle+6
HEREAS, -.ye) desi)es to 4.)hase the Assi3ned Assi3ned Vehi Vehi/e /e f)om the Se//e) .nde) the te)ms and onditions set fo)th be/o6 and, the)efo)e, TERMS AND CONDITIONS IN C%NSI#ERATI%N C%NSI#ERATI%N of the m.t.a/ 4)omises and othe) 1a/.ab/e onside)ation e7han3ed by the !a)ties as set fo)th he)ein, the !a)ties, intendin3 to be /e3a//y bo.nd, he)eby a3)ee as fo//os8
A' Descri$tio o% Assi!e" Ve#icle& 9' Ma*e8 Toyota 2' Mode/8 Vios '&( A)T :' -ody Ty4e8 Se"a ;' &ea)8 *+'( <' En3ine N.mbe) 8 *N,-.//0+1 =' Chassis N.mbe)8 NCP/*/+-(*(1 -' Cosi"eratio& 9' !.)hase !)ie' The tota/ 4.)hase 4)ie to be 4aid by -.ye) to Se//e) fo) the 4.)hase of the Assi3ned Assi3ned Veh Vehi/e i/e is _______________________ ______________________________ _______ !esos (!h4_______ !hi/i44ine C.))eny, C.))eny, (he)einafte) + Purc#ase Price+ 4ayab/e in __________month/y __________month/y insta//ments insta//ments of !esos ______________________ _________________________ ___ (!h4 C' Deli2ery o% Assi!e" Ve#icle a" Co2eyace o% Title 9' #e/i1e)y of Assi3ned Vehi Vehi/e' /e' -.ye) a*no/ed3es that it has 4ossession of the Assi3ned Vehi Vehi/e /e not in the one4t of one) as yet b.t hoe1e) ith e74)ess 4e)mission of the Se//e) Se//e) in o)de) that -.ye) may .se the Assi3ned Vehi/e ehi/e fo) 4.)4oses of 4e)fo)min3 4e)fo)min3 the o)* -.ye) has en3a3ed to to 4e)fo)m fo) Se//e) as ins.)ane a3ent' a3ent' -.ye) f.)the) a3)ees that the )is* )is* of /oss 4asses 4asses to -.ye) -.ye) .4on obtainin3 4ossession of the Assi3ned Vehi/e' 2' Con1eyane of Tit/e' Tit/e' Se//e) sha// a.se -!I Renta/ Co)4o)ation Co)4o)ation to on1ey tit/e tit/e to -.ye) .4on f.// 4ayment of the !.)hase !)ie' Se//e) a3)ees and o1enants to e7e.te a// do.ments neessa)y to fina/i>e t)ansfe) of tit/e and the )e3ist)ation of the Assi3ned Vehi/e to -.ye)'
#' Re$resetatios3 4arraties3 a" Disclosures 9' a))anties' This 1ehi/e is so/d +AS IS+, and Se//e) does not in any ay, e74)ess/y o) im4/ied/y, 3i1e any a))anties to -.ye)' Se//e) e74)ess/y dis/aims any im4/ied a))anties of me)hantabi/ity o) of fitness fo) a 4a)ti./a) 4.)4ose' 2' "sa3e #e/a)ation' -.ye) he)eby states that the Assi3ned Vehi/e has been .sed by he) e1en 4)io) to the e7e.tion of this a3)eement and the at.a/ *i/omete) )eadin3 the)eof )ef/ets the at.a/ mi/ea3e of the Assi3ned Vehi/e' E' Buyer5s Res$osi6ility 77 Isurace a" Maiteace' -.ye) a*no/ed3es that it sha// be he) )es4onsibi/ity to maintain a f.// om4)ehensi1e ins.)ane on the Assi3ned Vehi/e and sho./d the Se//e) be )e5.i)ed to ins.)e the Assi3ned Vehi/e in ao)dane ith its ob/i3ation .nde) the /ease 4.)hase a3)eement ith -!I Renta/ Co)4o)ation, the -.ye) a3)ees to )eimb.)se the Se//e) fo) the ost of the 4)emi.m' A/so, the -.ye) a3)ees to om4/y ith the fo//oin3 )es4onsibi/ities ? a' @ee4in3 the a) in /ean and 3ood ).nnin3 ondition' b' Ens.)in3 that se)1iin3 and maintenane a)e a))ied o.t at the inte)1a/s )eommended by the man.fat.)e)' ' Confo)min3 to a// inst).tions and )eommendations in the man.fat.)e)s handboo* and a// othe) inst).tions and ad1ie 3i1en by the man.fat.)e)' d' Re4o)tin3 any defets 4)om4t/y and .sin3 best endea1o.)s to ens.)e any o)* o1e)ed by the man.fat.)e)s a))anty is a))ied o.t .nde) that a))anty' &o. m.st not *noin3/y do, o) omit, anythin3, hih o./d 4)eB.die o) in1a/idate the a))anty' e' Ens.)in3 )easonab/e se.)ity of the 1ehi/e at a// times, i'e' *eys sho./d ne1e) be /eft in the 1ehi/es hi/st the 1ehi/e is .nattended' he)e1e) 4)atiab/e the 1ehi/e sho./d be /o*ed and any fitted se.)ity de1ie ati1ated' h' To obse)1e a// meas.)es and 4)ea.tion to a1oid that hih o./d defae o) s.ffe) to be defaed the 4ainto)*, body and oaho)* of the 1ehi/e'
$' Cotiuatio o% Re$resetatios a" 4arraties' A// )e4)esentations and a))anties ontained in this A3)eement (if any sha// ontin.e in f.// fo)e and effet afte) e7e.tion of this a3)eement' If eithe) 4a)ty /ate) /ea)ns that a a))anty o) )e4)esentation that it made is .nt).e, it is .nde) a d.ty to 4)om4t/y dis/ose this info)mation to the othe) 4a)ty in )itin3' No )e4)esentation o) a))anty ontained he)ein sha// be deemed to ha1e been ai1ed o) im4ai)ed by any in1esti3ation made by o) *no/ed3e of the othe) 4a)ty to this A3)eement' G' I"e8i%icatio o% Attoreys 9ees a" out:o%:$oc;et costs& Sho./d any 4a)ty mate)ia//y b)eah this a3)eement (in/.din3 )e4)esentations and a))anties made to the othe) side, the nonb)eahin3 4a)ty sha// be indemnified by the b)eahin3 4a)ty fo) its )easonab/e atto)neys fees and o.tof4o*et osts hih in any ay )e/ate to, o) e)e 4)ei4itated by, the b)eah of this ont)at (in/.din3 the b)eah of )e4)esentations o) a))anties' This 4)o1ision sha// not /imit in any ay the )emedies eithe) 4a)ty may ha1e othe)ise 4ossessed in /a o) e5.ity )e/ati1e to a b)eah of this ont)at' The te)m +o.tof4o*et osts+, as .sed in this ont)at, sha// not in/.de /ost 4)ofits' In the -.ye) -.ye) 1io/ates any of its ob/i3ations he)e.nde), the Se//e) has the o4tion of )esindin3 this a3)eement and ta*in3 ba* 4ossession of the Assi3ned Vehi/e as if this A3)eement has not been
e7e.ted itho.t any ob/i3ation on the 4a)t of Se//e) to )eimb.)se the -.ye) of any amo.nt' H' Ite!ratio' This A3)eement, in/.din3 the attahments mentioned in the body as ino)4o)ated by )efe)ene, sets fo)th the enti)e a3)eement beteen the !a)ties ith )e3a)d to the s.bBet matte) he)eof' A// 4)io) a3)eements, )e4)esentations and a))anties, e74)ess o) im4/ied, o)a/ o) )itten, ith )es4et to the s.bBet matte) he)eof, a)e he)eby s.4e)seded by this a3)eement' This is an inte3)ated a3)eement' I' Se2era6ility' In the e1ent any 4)o1ision of this A3)eement is deemed to be 1oid, in1a/id, o) .nenfo)eab/e, that 4)o1ision sha// be se1e)ed f)om the )emainde) of this A3)eement so as not to a.se the in1a/idity o) .nenfo)eabi/ity of the )emainde) of this A3)eement' A// )emainin3 4)o1isions of this A3)eement sha// then ontin.e in f.// fo)e and effet' I f any 4)o1ision sha// be deemed in1a/id d.e to its so4e o) b)eadth, s.h 4)o1ision sha// be deemed 1a/id to the e7tent of the so4e and b)eadth 4e)mitted by /a' D' Mo"i%icatio' E7e4t as othe)ise 4)o1ided in this do.ment, this a3)eement may be modified, s.4e)seded, o) 1oided on/y .4on the )itten and si3ned a3)eement of the !a)ties' $.)the), the 4hysia/ dest).tion o) /oss of this do.ment sha// not be onst).ed as a modifiation o) te)mination of the a3)eement ontained he)ein' @' Ac;ouris"ictio %or Suit i Case o% Breac#' The !a)ties, by ente)in3 into this a3)eement, s.bmit to B.)isdition in !asi3 City fo) adB.diation of any dis4.tes ando) /aims beteen the 4a)ties .nde) this a3)eement' $.)the)mo)e, the 4a)ties he)eby a3)ee that the o.)ts of !asi3 City sha// ha1e e=clusi2e B.)isdition o1e) any dis4.tes beteen the 4a)ties )e/ati1e to this a3)eement' M' A$$lica6le La<' This A3)eement sha// be inte)4)eted .nde), and 3o1e)ned by, the /as of the Re4.b/i of the !hi/i44ines IN ITNESS HERE%$ and a*no/ed3in3 ae4tane and a3)eement of the fo)e3oin3, Se//e) and -.ye) affi7 thei) si3nat.)es he)eto this day of Ma)h, 209='
PHILIPPINE PRUDENTIAL LI9E INSURANCE COMPAN?3 INC& @SELLER
AC@N%LE#GMENT
@BU?ER
