Select a document from the list
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Certification under oath of President and Treasurer (for submission of financial statement)
Have the President and Treasurer state under oath that the company's financial statements are correct
The Certification is an affidavit executed by the corporation’s president and treasurer certifying that the information contained in the corporation's financial statement for a specific year is true and correct to the best of their knowledge.
The Certification is normally required by government agencies (e.g. the Bureau of Internal Revenue, Securities and Exchange Commission) if the financial statement is not audited or there is no accompanying auditor's report to the financial statement. This is normally allowed only when the corporation's gross sales / income do not reach a certain amount.
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Chattel Mortgage
Execute a mortgage over property to secure an obligation
A Chattel Mortgage is a contract where property (e.g. a car) is put up as security by the debtor (the “mortgagor”) in the creditor’s (the “mortgagee”) favor for a loan or any other obligation. If the debtor fails to pay the loan or fulfill the obligation the creditor may foreclose the mortgage and sell the property on public auction. The proceeds of the sale will then be used to pay the debt.
A loan or obligation secured by a Chattel Mortgage is called a secured debt. On the other hand an obligation unsecured by any collateral is called an unsecured debt.
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Chattel Mortgage for Payment of Loan
Execute a mortgage over movable property (i.e. cellphone, jewelry, laptop) to secure the payment of a loan
A Chattel Mortgage is a contract where movable property (i.e. a car) is put up as security by the debtor (the “mortgagor”) in the creditor’s (the “mortgagee”) favor for a loan or any other principal obligation. If the debtor fails to pay the loan or fulfill the principal obligation the creditor may foreclose the mortgage and sell the movable property on public auction. The proceeds of the sale will then be used to pay the debt.
An obligation secured by a Chattel Mortgage is called a secured debt. On the other hand an obligation unsecured by any collateral is called an unsecured debt.
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Co-ownership agreement over property
Agree on the use, rights and duties of co-owners who jointly own property
A co-ownership agreement is used to formalize a co-ownership arrangement among multiple owners of a certain piece of property. The agreement shows the ownership share of each co-owner and details each co-owners’ rights to use the property, any income they’re entitled to (i.e. to receive the rent proceeds from the property) and what their obligations are (i.e. to pay taxes and maintenance of the property).
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Consignment Agreement for Sale of Goods (Exclusive Distributor)
Authorize another person to sell your goods on your behalf as an exclusive distributor
A Consignment Agreement for Sale of Goods is an agreement between the owner of the goods (the “consignor”) and another person (the “consignee”) for the consignee to sell the goods on the consignor’s behalf. Under such arrangement the consignor receives the sales price while the consignee receives a commission.
The Consignment Agreement sets out the complete terms of the consignment and the respective rights and obligations of both parties. It contains basic provisions such as a description of the goods being sold and the amount of the consignee’s commission. It may also include detailed provisions depending on your situation such as (a) the imposition of a deadline to sell the goods; and (b) the degree of care the consignee must exercise when handling the goods.
