This Car Purchase Agreement, dated January 11, 2022, is between Barbara Balram, the seller, and Tom Rogers, the buyer. Background This Agreement provides for the sale to the Buyer of the Seller’s car, a 2021 Acura. The Seller and the Buyer agree as follows: Article 1 – Definitions 1 Definitions. The following terms have their assigned meanings to it: “Agreement” means this Car Purchase Agreement, as amended from time to time. “Car” means the car that is the subject of this agreement with the VIN number XXXXXX. “Closing” means the consummation of the transaction that this Car Purchase Agreement contemplates. “Closing Date” has the meaning assigned to it in Section 2. “Purchase Price” has the meaning assigned to it in Section 2. Article 2 – Purchase and Sale 2 Purchase and Sale. At Closing, the Seller shall sell the car to the Buyer, and the Buyer shall purchase the car from the Seller. 2 Purchase Price. The purchase price for the car is $11,000. 2 The Closing. The Closing is to occur on February 28, 2022, if the Agreement is signed in January, or, on the last day of the month that follows the month in which this Agreement is signed. 2 Instruments of Transfer; Payment of Purchase Price; Further Assurances
(a) Seller’s Deliveries. At the Closing, the Seller shall execute and deliver to the Buyer (i) The car title, properly signed and dated. (ii) Any other instrument or instruments of transfer that may be necessary or appropriate to vest good title to the car in the Buyer, including, but not limited to, Warranty Documentation, Odometer Disclosure, and Bill of Sale. (b) Buyer’s Deliveries. At the Closing, the Buyer shall deliver $11,000, by certified check, made immediately available to the Seller. (c) Further Assurances. Following the Closing, at the request of the Buyer, the Seller shall deliver any further instruments of transfer and take all reasonable action that may be necessary or appropriate to vest good title to the car in the Buyer. Article 3 – Seller’s Representations and Warranties The Seller represents and warrants to the Buyer as follows: 3 The Car. The Car is a red, 2021 Acura. 3 The Mileage. The Car has been driven 26,000 miles. 3 Liens. The Seller owns the Car, and it is not subject to any liens. 3 Maintenance. The Car has been maintained in accordance with the owner’s manual and is in good operating condition, except normal wear and tear. Article 4 – Buyer’s Representations and Warranties The Buyer represents and warrants to the Seller as follows: 4 Funds. The Buyer has sufficient funds to purchase the car. Article 5 – Seller’s Covenants
7 Covenants. The Seller must have performed each of the covenants to be performed by her on or prior to the Closing Date. Article 8 – Termination 8 Seller’s Right to Terminate (a) Grounds for Notice of Termination. The Seller may send notice to the Buyer regarding this Agreement’s termination if any of the following has occurred on or before the Closing Date: (i) Misrepresentations and Breaches of Warranties. The condition stated in Section 6 has not been satisfied or waived. (b) Effective Date of Termination. This Agreement terminates on the day the Buyer receives the notice regarding representation. (c) Consequences of Termination. Neither party has any further rights or obligations, except for the Seller’s rights and the Buyer’s obligations arising from the Buyer’s misrepresentation, breach of warranty, or breach of covenant. 8 Buyer’s Right to Terminate. (a) Grounds for Notice of Termination. The Buyer may send notice to the Seller regarding this Agreement’s termination if any of the following has occurred on or before the Closing Date: (i) Misrepresentations and Breaches of Warranties. The condition stated in Section 7 has not been satisfied or waived. (ii) Covenants. The condition stated in Section 7 has not been satisfied or waived.
(b) Effective Date of Termination. This Agreement terminates on the day the Seller receives the notice regarding representation. (c) Consequences of Termination. Neither party has any further rights or obligations, except for the Buyer’s rights and the Seller’s obligations arising from the Seller’s misrepresentation, breach of warranty, or breach of covenant. General Provisions 9 Merger. This Agreement states the final and exclusive agreement between the parties regarding the transaction that is contemplated by this Agreement. It supersedes all previous negotiations and agreements. 9 Governing Law. The laws of Ohio, without regard to its conflict of laws principles, govern all matters arising under or relating to this Agreement, including torts. 9 Notices. The parties must send all notices in writing. No notice is deemed received until the addressee has received it. 9 Waiver of Right to a Jury Trial. Each party waives its right to a trial by jury in all matters relating to and arising under this Agreement, including torts. Seller