Common use of Bona Fide Sale Clause in Contracts

Bona Fide Sale. Dealer has sold and delivered the vehicle, and/or installed the goods and services described in the Contract; the Obligor named in such Contract is a bona-fide purchaser, has legal capacity to enter into the Contract, is the registered owner of the vehicle described in the Contract; and is currently solvent, willing and financially able to repay. The entire transaction occurred at Dealer’s usual place of business as set forth in this Agreement and as on Dealer’s license, and the Contract was generated from a direct sale by Dealer and not from a third party.

Appears in 4 contracts

Samples: Cig Financial – (Independent) Dealer Agreement, Dealer Agreement, Cig Financial – (Independent) Dealer Agreement

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