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What is the difference between deed of sale to deed of absolute sale?
Wiki User
∙ 9y ago
There is no substantial difference between DEED OF SALE and DEED OF ABSOLUTE SALE, except the words that constituted it. Because all sales are absolute whether movable or immovable, unless there is a condition provided in a particular contract, hence, it is another contract also called CONTRACT TO SELL. A CONTRACT TO SELL is substantially different from CONTRACT OF SALE, because the CONTRACT OF SALE is the DEED OF SALE or DEED OF ABSOLUTE SALE itself. The rationale of this CONTRACT OF SALE is that the rights of ownership, including all that is incidental with it are transferred absolutely upon the delivery of the thing sold without any condition; while this CONTRACT TO SELL imposes suspensive condition that is by agreement the title is reserve in the seller until the fulfillment of an obligation, thus, it is also called DEED OF CONDITIONAL SALE.
My answer to this query is supported by doctrines of legal authority in the Philippines, no other than the Honorable Supreme Court. In the avalanche of cases decided by the Supreme Court, it consistently declared that; "The distinction between a contract to sell and a contract of sale is quite germane. In a contract of sale, title passes to the vendee upon the delivery of the thing sold; whereas in a contract to sell, by agreement the ownership is reserved in the vendor and is not to pass until the full payment of the price. In a contract of sale, the vendor has lost and cannot recover ownership until and unless the contract is resolved or rescinded; whereas in a contract to sell, title is retained by the vendor until the full payment of the price, such payment being a positive suspensive condition and failure of which is not a breach but an event that prevents the obligation of the vendor to convey title from becoming effective." (San Lorenzo Development Corporation vs. CA, G.R. No. 124242, 200
Wiki User
∙ 9y ago
Wiki User
∙ 11y agoA contract to sell is a binding agreement between a seller and buyer that sets forth the terms of the sale and the date by which the sale shall be completed. It does not transfer ownership but if recorded in the land records it constitutes a lien on the property.
A deed is the document by which title to real property is transferred to a new owner. It must be recorded in the land records in order to be effective against the world. A deed constitutes the actual transfer of the title of the land to the buyer.
A contract to sell is a binding agreement between a seller and buyer that sets forth the terms of the sale and the date by which the sale shall be completed. It does not transfer ownership but if recorded in the land records it constitutes a lien on the property.
A deed is the document by which title to real property is transferred to a new owner. It must be recorded in the land records in order to be effective against the world. A deed constitutes the actual transfer of the title of the land to the buyer.
A contract to sell is a binding agreement between a seller and buyer that sets forth the terms of the sale and the date by which the sale shall be completed. It does not transfer ownership but if recorded in the land records it constitutes a lien on the property.
A deed is the document by which title to real property is transferred to a new owner. It must be recorded in the land records in order to be effective against the world. A deed constitutes the actual transfer of the title of the land to the buyer.
A contract to sell is a binding agreement between a seller and buyer that sets forth the terms of the sale and the date by which the sale shall be completed. It does not transfer ownership but if recorded in the land records it constitutes a lien on the property.
A deed is the document by which title to real property is transferred to a new owner. It must be recorded in the land records in order to be effective against the world. A deed constitutes the actual transfer of the title of the land to the buyer.
Wiki User
∙ 11y agoA contract to sell is a binding agreement between a seller and buyer that sets forth the terms of the sale and the date by which the sale shall be completed. It does not transfer ownership but if recorded in the land records it constitutes a lien on the property.
A deed is the document by which title to real property is transferred to a new owner. It must be recorded in the land records in order to be effective against the world. A deed constitutes the actual transfer of the title of the land to the buyer.
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What the meaning of absolute deed of sale?
The definition of a deed of absolute sale is an agreement between a seller and a purchaser legalizing the purchase of property. It can be done in writing and it legally binding.
What is difference between freehold premises and premises on sale deed?
it is a liability..
Is Grant Bargain Sale Deed a Warranty Deed?
No. A bargain and sale deed is not the same as a warranty deed. The primary difference is that a bargain and sale deed does not guarantee that the seller holds clear title to the property.
What is the difference between conveyance deed and sale deed?
The meaning of "sell" is to exchange something/anything for money or some other value. In the law of real property the word "convey" means to transfer the title to real property from one to another. A conveyance is the transfer of real property. == Additional Answer== In the law of real property there is a distinction between "sale" and "conveyance". A sale occurs immediately upon the signing of the seller and buyer of the contract of sale. Although the real property has now been sold, the conveyance does not take place until the closing , when the seller delivers the deed to the buyer. The term conveyance should not be intermixed with the term sale.
What is deed of extrajudicial partition with absolute sale?
A deed of extrajudicial partition with absolute sale refers to a partition of real property outside the jurisdiction of the court where one or more of the claimants becomes the vendor and the other the vendee.
Can a 7 months old baby buy enter into a deed of absolute sale?
no
What is difference between deed of transfer and agreement for sale?
A deed transfer is where under a contract of sale of property in goods is transferred from the seller to the buyer while agreement for sale is where transfer of property is to take place at a future time or is subject to some conditions to be fulfilled latter.
What is the difference between Grant Deed and Trustee's Deed Upon Sale in CA?
A grant deed is an instrument used to transfer an interest in real estate to a new owner. In some jurisdictions this is called a warranty deed.In some jurisdictions, a deed of trust is an instrument recorded by a lender as security for a loan. This is commonly referred to as a mortgage. In other jurisdictions a deed of trust may be used to refer to a deed that transfers real property to a trustee of a trust.
What is the different between bill of sale and title?
with cars no, Your bill of sale is the title or deed to your vehicle
Consenting deed for the sale deed?
How do you add a name to a deed
How important is the deed of sale of the land?
Since a deed is the instrument of sale for real property which proves the seller's right to convey and the buyer's right of ownership, it is critical to the sale because it is the buyer's only proof of ownership. It is critical to note that ownership customarily does not pass from the seller to the buyer unless and until the deed is recorded with the clerk of the court in the jurisdiction in which the property is located.
What is the difference between cash sale and credir sale?
A cash sale is instant - a credit sale is a 'promise' of payment to come.
