conditional sale agreement


Also found in: Financial.

conditional sale agreement

an agreement under which the sale is suspended until the price is paid. The term is important in relation to consumer credit law.
References in periodicals archive ?
When sought for comment on Wednesday, Phoenix officials did not reply to confirm the conditional sale agreement between Tanglawan and AG and P.
26 June 2017 - Jersey-based, Malaysia and Vietnam focused property developer Aseana Properties Ltd.'s (LSE: ASPL) 72.35% owned subsidiary, Hoa Lam-Shangri-la Healthcare LLC has entered into a conditional sale agreement with Tri Hanh Consultancy Co Ltd.
In addition, HLSL has entered into a conditional sale agreement with Tri Hanh Consultancy Co Ltd.
A It sounds as though you have either a hire purchase or a conditional sale agreement. In that case, where you have paid more than a third of the purchase price, the finance company will require a court order before it can repossess the vehicle.
A conditional sale agreement is a another form of secured financing with no balloon, where the originator retains legal title to the vehicles until the borrower has made all scheduled payments required under the contract.
Sydney, Australia, Nov 24, 2011 - (ABN Newswire) - Murchison Metals Ltd (ASX:MMX) has entered into a conditional sale agreement with Mitsubishi Development Pty Ltd in relation to all of the Company's interests in Crosslands Resources Ltd, the owner of the Jack Hills Expansion Project, and the Oakajee Port and Rail ("OPR") project (the "Transaction").
Mid-City Motors Ltd., in which the court held that a conditional sale agreement resulted in a sale under the Alberta Sale of Goods Act on the basis that the agreement effectively transferred the "property" in the goods to the purchaser in the form of "beneficial ownership", notwithstanding the fact that the vendor retained legal title until the purchase price was paid in full.
Luxfer Group kept the land and buildings on the Redditch site, although the firmset up a conditional sale agreement with ALUnna, subject to environmental work to be carried out over several years.
Luxfer Group retained the land and buildings on the Redditch site, and the firm set up a conditional sale agreement with ALUnna.

Full browser ?