KNOW ALL MEN BY THESE PRESENTS:

I, JESS CHRISTIAN RAMIREZ, of legal age, single/married to____________________ with postal address
at _____________________________hereinafter known as the SELLER, and JUAN DELA CRUZ of legal
age, single/married to ______________________ with postal address at
_______________________________ hereinafter known as the BUYER, witnesseth:

(a). That the BUYER is indebted unto the SELLER in the sum of (Three Hundred and Fifty Thousand Pesos)
(P350,000.00), Philippine Currency;

(b) That for, and consideration of , this indebtedness, and to assure the performance of said obligation to
pay, the SELLER hereby conveys unto the BUYERS, his heirs and assigns, the following personality now in
the possession of said SELLER;

MAKE : FORD FIESTA

MOTOR NO. : ABC 1234567890

SERIES : 2013

SERIAL/CHASSIS NO. : C-123-456-AD-EY

PLATE NO. :. ABC 1234

YEAR MODEL : 2013

(c) That the subject vehicle may not be used as a form of commercial/public transport service until the
fulfillment of the payment of the 12th monthly installment;

(d) That violation of any stipulation of this contract and/or the failure to pay three consecutive
installments makes way for the rescission of this contract, and an action in court may be instituted for
the awarding of damages.
IN WITNESS WHEREOF, the parties have hereunto set their hands, this ____day of ____________ 20___
at ____ Philippines.

_______________________________ _______________________________

SELLER BUYER

IN THE PRESENCE OF:

_______________________________ _______________________________

ACKNOWLEDGEMENT

Republic of the Philippines)

________________________ ) S.S

BEFORE ME, personally appeared:

Name CTC Number Date/Place Issued

JESS CHRISTIAN RAMIREZ 10000000 Jan 01, __ / Quezon City

JUAN DELA CRUZ. 10000000 Jan 11, __ / Las Pinas City

Known to me and to me known to be the same persons who executed the foregoing instrument and
acknowledged to me that the same is their free and voluntary act and deed.

WITNESS MY HAND AND SEAL, on the date and place first above written.

Notary Public

Doc. No.______;

Page No. ______;

Book No.______;

Series of 20__.

AFFIDAVIT OF GOOD FAITH

We, the undersigned SELLER AND BUYER hereby jointly and severally swear that we executed the
foregoing contract in order to secure the indebtedness therein and for no other purpose or purposes
contrary to law.

____________________________ _____________________________

SELLER BUYER