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Form #1057

Consignment of Automobiles

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Consignment of Automobiles Free Legal Form

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Consignment of automobiles.

This agreement made _________[Date], between _________ motor company of _________, a corporation organized under the laws of the state of _________, consignor, and _________, of _________, consignee, states as follows:

1. Consignor shall deliver to consignee such automobiles, together with all standard catalogue attachments and equipment, as it in its judgment may see fit, and consignee shall receive and accept possession of the automobiles on the terms and conditions subsequently stated, and hold and care for the same as the property of consignor and return same to consignor upon demand; it being expressly agreed that the title to the automobiles, or to the proceeds, shall always be vested in consignor and the automobiles shall pass directly from consignor to such person or persons to whom the same shall be sold in the manner and upon the terms set forth here.

2. Consignor shall keep the automobiles fully insured in its name against loss by fire and theft.

3. Consignee shall keep the automobiles in a new and unused condition for display and storage purposes and shall not use the same for demonstrating purposes.

4. Consignee shall sell the automobiles for cash at the retail prices fixed by the distributor in the territory where consignee is located and shall immediately pay over to consignor the proceeds received by consignee from the sale of the automobiles and consignor shall return to consignee in full for his [or her] services and expenses the difference between the retail price so received by him [or her] for the automobiles and the price at which the automobiles shall have been invoiced to consignee. After having first obtained the written consent of consignor, consignee may accept in part payment for the automobiles notes of the purchaser provided he [or she] shall in the opinion of consignee be of good credit and business standing which the notes shall be for an amount and shall bear interest and be payable as prescribed by consignor. All such notes shall be made payable to consignor and consignee shall by indorsement guarantee the payment.

5. Consignee shall keep a separate account of all automobiles delivered to him [or her] under this agreement and of the proceeds when sold and shall report any sale to consignor immediately after the same is made and shall furnish to it on the first day of each month a true and complete report for the preceding month and shall permit consignor or its accredited representative to examine his [or her] books and the cars in his [or her] possession at all reasonable times during business hours.

6. In the event any of the automobiles mentioned above which have not been returned to consignor shall remain unsold at the expiration of _________ months from the date of delivery to consignee, then consignee shall at the option of consignor, pay to consignor in cash the price at which the automobiles so remaining unsold shall have been invoiced to consignee.

In witness, etc.



 
Contributed by
Anonymous4
 
Name of Firm Anonymous4
Total Forms Contributed 75
 

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Terms Of Use

Submissions to this site, including any legal or business forms, posts, responses to questions or other communications by contributors are not intended as and should not be construed as legal advice. You are strongly encouraged to consult competent legal council before engaging in any action based upon content contained on this site.

These downloadable forms are only for personal use. Retransmission, redistribution, or any other commercial use is prohibited. This includes reposting forms from this site to another site offering free legal or other document forms for download.

Please note that the donator may have included different usage terms regarding this form, and you agree to abide by these terms. It is highly recommended that you have a licensed attorney review any legal documents for which you are searching in order to make sure that your needs are being properly and completely satisfied.

Your use of this site constitutes your acceptance of our terms of use and your agreement to hold this site, its officers, employees and any contributors to this site harmless for any damage you might incur from your use of any submissions contained on this site. If you do not agree to the above terms, please do not proceed.

These forms are provided to assist business owners and others in understanding important points to consider in different transactions. They are offered with the understanding that no legal advice, accounting, or other professional service is being offered by these documents or on this website. Laws vary in the different states. Agreements acceptable in one state may not be enforced the same way under the laws of another state. Also, agreements should relate specifically to the particular facts of each situation. Therefore, it is important to consult legal counsel whenever utilizing these forms. The Forms are not a substitute for legal advice YourFreeLegalForms.com is not engaged in recommending or referring members on the site or making claims about the competence, character or qualifications of its participating members.
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Keywords: consignment, legal forms, automobiles

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