Tesla Conditional Sale Contract And Security Agreement

Any breach of any provision of this chapter (from section 2981 on or after section 2981) may be corrected by the holder, provided, however, that an intentional infringement cannot be corrected, unless it is an infringement which appears on the front of the contract and which is corrected within thirty days of the performance of the contract or within twenty days of its sale. assignment or pledging, depending on the later date, provided that the 20-day period begins at the first sale, assignment or pledging of the contract and that any other infringement of the front of the contract can only be corrected within those periods. A correction that increases the amount of the contract balance or the amount of a rate as it appears on the conditional sales contract is not effective, unless the buyer accepts the correction in writing. If the buyer is informed in writing of such non-compliance with a provision of this chapter, the rectification must be made within ten days of notification. If a provision of a conditional sales contract does not correspond to a provision of this chapter, the rectification shall be effected by sending or delivering a corrected copy of the contract to the buyer. Any amount unduly recovered by the buyer`s holder is set off against the debt demonstrated by the contract or returned to the buyer. A breach corrected in accordance with this section is not the basis for recovery by the buyer or does not affect the application of the contract by the holder and shall not be considered a substantial modification of the agreement concluded by the parties. Conditional sales contracts are often concluded in the context of the financing of machinery and plant as well as various forms of real estate. 2. Where the contract contains a financing fee calculated on the basis of simple interest, but which provides for a minimum financing fee in the case of a full deposit, the contract shall contain a statement on that circumstance and the amount of the minimum financing fee or its method of calculation. (a) The holder of a conditional sales contract may, after consultation with the buyer, extend the due date or defer the expected payment of all or part of the payments or instalments to be paid under this contract.

No fee shall be charged for such an extension or deferral unless the extension or deferral agreement is signed in writing and signed by the parties. However, the seller or the holder may notify in writing or orally to one or more debtors of the contract that one or more instalments of the contract are renewed for one or more instalments of the contract, as a supplement or assistance in efforts to recover one or more late instalments of the contract, for the attention of one or more debtors of the contract, namely that the expiry date of the contract is extended for one or more instalments of the contract, without such an extension being subject to any other costs other than those provided for in the contract. 5. Where the debt resulting from a contract is fulfilled before the expiry of the contract by handing over the motor vehicle, withdrawing the motor vehicle, withdrawing the motor vehicle after the motor vehicle has been removed or stopping, the outstanding obligation of the purchaser referred to in paragraphs 1 or 2 shall be determined. Notwithstanding this, the outstanding obligation of the buyer is calculated by the holder from the date on which the owner recovers the value of the motor vehicle by prescription or stop or, if the owner chooses to keep the motor vehicle in satisfaction with the buyer`s indebtedness, from the date on which the owner takes possession of the motor vehicle. A contract for the surety or rental of a motor vehicle, with or without accessories, which fixes the maximum amount for which a lessee of a surety or surety could be held liable at the end of the rental or guarantee period or in the event of prior termination by reference to the value of the vehicle on that date, is not a contract by which the policyholder or guarantor or against any nominal consideration has the possibility: To become the owner of the vehicle within the meaning of Article 2981 (2) (a) or any other provision of this Chapter. . . .