Seller's Assignment

Polish translation: Cesja Sprzedającego

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:seller's assignment
Polish translation:Cesja Sprzedającego
Entered by: Frank Szmulowicz, Ph. D.

16:02 Jul 31, 2020
English to Polish translations [PRO]
Law/Patents - Automotive / Cars & Trucks
English term or phrase: Seller's Assignment
Retail Installment Contract

This contract is assigned to Toyota Motors Credit Corporation without recourse or with limited recourse under the terms of the "Seller's Assignment" on the reverse side.
Darius Saczuk
United States
Cesja Sprzedającego
Explanation:
Propozycja.
Selected response from:

Frank Szmulowicz, Ph. D.
United States
Local time: 16:15
Grading comment
Thank you, Frank.
4 KudoZ points were awarded for this answer



Summary of answers provided
3Cesja Sprzedającego
Frank Szmulowicz, Ph. D.
Summary of reference entries provided
Seller's Assignment
geopiet

Discussion entries: 1





  

Answers


20 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5
Cesja Sprzedającego


Explanation:
Propozycja.

Frank Szmulowicz, Ph. D.
United States
Local time: 16:15
Specializes in field
Native speaker of: Native in EnglishEnglish, Native in PolishPolish
PRO pts in category: 1324
Grading comment
Thank you, Frank.
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Reference comments


1 day 5 hrs
Reference: Seller's Assignment

Reference information:
Seller sells and assigns 10 Toyota Motor Credit Corporation ("TMCC") all of its right, title and interest in this contract.

In addition to the Seller's Warranties and Representations in the Retail Sales Financing Agreement ("Master Agreement), Seller warrants and represents that:
(1) The contract arose from the retail sale of the property described on the face of the contract;
(2) Seller had title to the property at the time of sale free of any liens;
(3) All disclosures required by law were properly made to the Buyer prior to the Buyer signing the contract;
(4) All insurance disclosures made by Seller are complete, accurate and properly made in accordance with applicable law;
(5) All insurance documentation will be delivered to the Buyer within the time required by law;
(6) To the best of Seller's knowledge, the Customer Statement is accurate;
(7) The downpayment received by Seller is exactly as stated;
(8) The contract is enforceable;
(9) Seller is licensed as required by law;
(10) Seller has fully complied with all consumer protection, insurance and other laws and regulations applicable to the sale of or any item contained in this contract;
(11 ) Any optional mechanical breakdown protection sold under this contract is offered for sale in connection with comparable cash transactions at a price equal to that disclosed on the face of the contract;
(12) Seller has complied with all applicable requirements of the FTC Used Motor Vehicle Trade Regulation Rule; and
(13) The deferred down payment, if any, is disclosed on the front side of this contract, is payable before the due date of the first regularly scheduled payment and is not subject to a finance charge.

Each of these warranties and representations is material to TMCC's acceptance of this contract. If any of them is breached or is erroneous, Seller unconditionally promises to accept reassignment of this contract and to pay TMCC, upon demand, the full amount of the unpaid balance under this contract. Seller also agrees to indemnify TMCC to the full extent of all losses or expenses incurred by TMCC as a result of such breach or error.

Seller agrees to·indemnify TMCC for any judicial setoff or loss suffered as a result of a claim or defense of Buyer against Seller.

If this contract is rescinded, cancelled, voided or otherwise made unenforceable, Seller shall pay TMCC the full amount TMCC paid to purchase it.

Seller shall be liable even if a waiver, compromise, settlement or variation of the terms of the contract releases the Buyer.

Seller waives notice of acceptance of this guarantee and notices of non-payment and non-performance

CONTRACTS ASSIGNED SUBJECT TO REPURCHASE

If this contract is assigned subject to repurchase, in addition to the forgoing guarantees, indemnities and obligations, Seller unconditionally guarantees to repurchase this contract in the event of a default and pay all losses and expenses incurred by TMCC as provided by the terms of the Master Agreement.

CONTRACTS ASSIGNED WITHOUT RECOURSE OR WITH LIMITED RECOURSE

If this contract is assigned without recourse or. with limited recourse, such assignment is without recourse to the Seller except in the circumstances set forth above and in the Master Agreement and in and to the extent that an amount is stated in the following paragraph. Seller unconditionally guarantees that tt Buyer defaults in the payment of any installment under this contract, Seller will pay, upon demand by TMCC, the unpaid balance up

to the sum of $______________________



- https://www.classaction.org/media/mensie-v-toyota.pdf - page 20

geopiet
Native speaker of: Native in PolishPolish
PRO pts in category: 358
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