P-40.1 - Consumer Protection Act

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SCHEDULE 5
(CONSUMER PROTECTION ACT, S. 134)
CONTRACT OF SALE BY INSTALMENT
Date: ..............
(date on which the contract is made)
Place: ..............
(place where the contract is made if made in the presence of the merchant and of the consumer)
..............
(name of merchant)
..............
..............
(address of merchant)
..............
(name of consumer)
..............
..............
(address of consumer)
Description of the object of the contract: ..............
..............
1. (a) Cash price $............

(b) Installation, delivery
and other costs $............

2. (a) Total cash price $============

(b) Down-payment $............

3. (a) Balance - Net capital $============

(b) Interest $............

(c) Insurance premiums
describe $............

(d) Other components $............

4. Total credit charges for the
whole term of the contract $============

5. Total obligation of the consumer $============
Credit rate ........... %
The total obligation of the consumer is payable at ..............
(address)
in .............. deferred payments of $.............. on
(number)
the .............. day of each consecutive month from
.............. and a final payment of $..............
(date on which the first payment is due)
on ..............
The consumer shall give to the merchant as acknowledgment of or security for his obligation the following object or document:
..............
(description)
The merchant shall deliver the goods being the subject of this contract on the making of the contract ( □ )
yes
or on ..............
(date of delivery of the goods)
The merchant remains the owner of the goods sold and the transfer of the right of ownership does not take place when the contract is made but shall take place only ..............
(time and terms and conditions of such transfer)
..............
(signature of the merchant)
..............
(signature of the consumer)
1978, c. 9, Schedule 5.