Legal Question in Consumer Law in Texas
Sales of Goods
I wanted to sell a TV. A person offered me to pay half of its value incash as down payment. He wants to finance the remaining balance. What legal form should I use? A sales contract? A promisory note?
Asked on 12/27/05, 1:42 pm
1 Answer from Attorneys
Peter Bradie
Bradie, Bradie & Bradie
Re: Sales of Goods
A contract of sale, promissory note, and UCC-1 Security Interest so you can recover the TV in the event of default. If you're going to sell on credit, then do what the other sellers do.
Answered on 12/27/05, 2:57 pm
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