Abstract

The sale and purchase agreement is one source of the birth of an agreement between the parties that binds it as appropriate binding force according to law (Article 1338 paragraph 1 of the Civil Code). Therefore, all rights and obligations arising from the agreement must be fulfilled by both the seller and the buyer. In line with technological advances, causing more and more types of four-wheeled vehicles to be offered on the market to meet the needs of the community. This will provide wider opportunities for the public to make car buying and selling transactions that are in accordance with their wishes and needs. In a sale and purchase agreement, it is possible that the buyer is unable to fulfill his obligations in accordance with the contents of the agreement that has been agreed with the seller, so that the buyer can be categorized as Default. Basically an agreement will run well if the parties who make the agreement are based on good faith, but if one of the parties does not have good intentions or does not carry out their obligations, a Default will arise.

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.