Commercial vehicle
3 years ago
I have purchased a commercial vehicle by executing a sale deed. Now the previous owner wants the vehicle back as i was unable to pay the EMI for the months of October and November 2020. I want to know that can the previous owner can take the vehicle back and if so then what happens to sale deed?
A.Hi,
This depends entirely on the terms and conditions of the sale agreement you entered into with the seller. If you have already paid a large number of EMIs, you can request the buyer for a slight extension to make the pending payments as you have demonstrated willingness to pay the full amount.
This depends entirely on the terms and conditions of the sale agreement you entered into with the seller. If you have already paid a large number of EMIs, you can request the buyer for a slight extension to make the pending payments as you have demonstrated willingness to pay the full amount.
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Ayantika Mondal @ Prime Legal
Responded 3 years ago
A.Hi,
This depends entirely on the terms and conditions of the sale agreement you entered into with the seller. If you have already paid a large number of EMIs, you can request the buyer for a slight extension to make the pending payments as you have demonstrated willingness to pay the full amount.
This depends entirely on the terms and conditions of the sale agreement you entered into with the seller. If you have already paid a large number of EMIs, you can request the buyer for a slight extension to make the pending payments as you have demonstrated willingness to pay the full amount.
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A.Dear Sir,
It all depends upon agreements between you and any other documentation between you three parties.
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It all depends upon agreements between you and any other documentation between you three parties.
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Ankur Goel @ Complete Law Shield
Responded 3 years ago
A.vhow many total emis ?
how many emis paid ?
how many emis remaining ?
you will not be able to pay remaining emi ?
if you not able to pay complete amount then sale deed can be cancelled as per terms and conditions.
Hope this clarifies,
Advocate Ankur Goel (Complete Law Shield)
#YourLifeYourChoice
how many emis paid ?
how many emis remaining ?
you will not be able to pay remaining emi ?
if you not able to pay complete amount then sale deed can be cancelled as per terms and conditions.
Hope this clarifies,
Advocate Ankur Goel (Complete Law Shield)
#YourLifeYourChoice
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