MEMORANDUM

 OF  AGREEMENT  
(CASH  SALE  OF  MOTOR  VEHICLE)  
 
1.   Parties  
 
  1.1   (name  of  seller)  
    Hereinafter  referred  to  as  “the  Seller”  
 
and  
 
  1.2   (name  of  purchaser)  
    Hereinafter  referred  to  as  “the  Purchaser”  
 
WHEREBY  IT  IS  AGREED  AS  FOLLOWS:  
 
2.   Sale  and  Purchase  
 
  The  Seller  hereby  sells  to  the  Purchaser  who  hereby  purchases  upon  the  terms  
and  conditions  hereinafter  set  forth  the  motor  vehicle  described  in  the  following  
schedule  and  hereinafter  referred  to  as  “the  Vehicle”.  
 
  Year  of  manufacture       :  
   
  Make           :  
 
  Type           :  
 
  Registration  number       :  
 
  Chassis  number       :  
 
  Particular  of  all  accessories  in  sale   :    
 
3.   Purchase  Price  and  Manner  of  Payment    
 
3.1 The  price  payable  by  the  Purchaser  to  the  Seller  for  the  Vehicle  is  the  sum  
of  R……………….(…………………………………………………)  
 
3.2)   Payment   of   the   purchase   price   will   be   made   in   one   installment   on  
_________________.  
 
3.2 Payment   of   the   purchase   price   will   be   made   by   way   of,   a   Bank  
Guaranteed   cheque   drawn   by   the   Purchaser’s   Bank   in   the   name   of   the  
 Seller  which  cheque  will  be  deposited  into  the  bank  account  of  the  Seller.  
Payment  will  be  effective  once  the  funds  are  available  to  the  Seller.      
 
4   Delivery  
 
4.1   Delivery  of  the  vehicle  shall  take  place  on  ____________  after  payment  
of  the  purchase  price.  
 
4.2   The  Purchaser  shall  collect  the  said  vehicle  from  the  Seller  at  the  place  as  
agreed  upon  by  the  parties.  
 
5.   Risk  and  Benefit  
 
5.1   The  risk  and  benefit  in  the  vehicle  shall  pass  to  the  Purchaser  on  delivery  
 
6   Roadworthy  Certificate    
 
6.2   The   Purchaser   shall   take   the   necessary   steps   at   his   own   expense,   to  
render   the   vehicle   fit   for   a   roadworthy   certificate   which   certificate   the  
purchaser  must  obtain  at  his  own  costs.          
 
7.   Registration  
 
7.1   The   Purchaser   shall   at   own   expense   cause   the   said   vehicle   to   be  
registered  and  licenced.  
 
7.2   The   Seller   shall   sign   such   forms   and   deliver   to   the   purchaser   such  
documents  as  may  be  necessary  to  enable  the  Purchaser  to  register  the  
Vehicle  in  his  name  
 
7.2   Should   the   Purchaser   not   register   the   vehicle   into   his   name   within   21  
days  after  delivery,  the  Seller  will  be  entitled  to,  in  his  sole  discretion  and  
without   any   notice   to   the   Purchaser,   cancel   the   registration   of   the  
vehicle.      
 
8.   Indemnity  
 
8.1   The  Purchaser  hereby  indemnifies  the  Seller,  as  of  delivery  date,  against  
any  parking  tickets,  speeding  fines  or  other  claims  of  whatsoever  nature,  
issued   in   terms   of   the   Road   Traffic   Act   or   Regulations,   or   any   other  
criminal  act  involving  the  vehicle.  
 
 
 
  
 
9.   Defects  and  Deficiencies  
 
9.1   The  Purchaser  confirms  that  he  inspected  the  vehicle  before  the  signing  
of  this  agreement  and  that  he  is  satisfied  with  the  condition  of  it.  
 
9.2   The  Purchaser  hereby  agrees  that  the  sale  is  “voetstoots”  and  the  Seller    
    shall  not  be  answerable  for  any  deficiency  or  defect  latent  or  otherwise.  
   
9.3 The   Purchaser   further   acknowledge   that   no   warranties   or  
representations   have   been   given   or   made   as   to   the   state,   condition   or  
fitness  of  the  Vehicle  which  he  takes  with  all  faults  and  agrees  to  accept  
all  risks  of  whatsoever  nature.  
 
9.4  The  Purchaser  confirms  that  he  inspected  the  registration  documents  and  
that  he  is  satisfied  with  the  content  thereof.  
     
10.   Default  
 
10.1.       Should   the   purchaser   at   any   stage   fail   to   fulfill   any   of   his   obligations   in  
terms  of  this  contract,  the  seller  shall  be  entitled,  without  derogating  from  any  
other  remedies  that  he  may  have,  to  do  the  following:  
 
a) to  claim  the  whole  amount  forthwith;  or  
 
b) to  cancel  the  contract  and  
 
aa)  claim  the  whole  amount  forthwith,  and  
bb)  to  claim  the  return  of  the  vehicle,  and    
cc)  retain  any  amounts  already  paid;  or  
 
c) to  cancel  the  contract  and  claim  damages  
 
11.   Domicilium  
 
The  parties  choose  the  following  addresses  as  their  respective  Domicilium  citandi  
et  executandi:  
 
11.1          The  Seller  
 
 
11.2            The  Purchaser  
 
  
 
 
 
 
12   Jurisdiction  and  Costs  
 
12.1   The   parties   submit   to   the   jurisdiction   of   the   magistrates’   court   having  
jurisdiction  over  the  person  of  the  party  concerned.  
 
12.2   The  purchaser  shall  be  liable  for  any  legal  costs  incurred  by  the  Seller  in  
enforcing   or   protecting   his   rights   in   terms   of   this   contract   as   between  
attorney  and  client.  
 
13   Non  Variation    
 
13.1   This  agreement  contains  the  sole  and  entire  agreement  and  no  guarantee  
or  representation  not  contained  in  this  document  shall  be  of  any  force  or  
effect.  
 
13.2   All   variations   of   terms   and   conditions   of   the   agreement   shall   not   be   valid  
and  binding  unless  reduced  to  writing  and  signed  by  both  parties.  
 
 
14   No  Waiver  
 
14.1   No   relaxation   or   indulgence   granted   by   the   Seller   and   no   omission   by   the  
Seller   timeously   or   diligently   to   enforce   any   right   under   this   agreement  
shall  be  deemed  to  amount  to  a  waiver  of  that  or  any  other  right.    
 
 
 
THIS  DONE  AND  SIGNED  AT  (PLACE)  ON  THIS  DAY  (DATE)  DAY  OF  (MONTH  AND  YEAR).  
 
As  witnesses:  
 
 
1.  _________________           _________________  
                Purchaser  
 
 
2.  _________________           _________________  
                Seller