is this receipt ok for sale of my vehicle?

unknown--B

New member
ok basically i am selling my motorbike to a work mate how ever he cannot afford the full payment so i said ill check with a thew laws and so on well first i thought of writing the receipt and now i just want to check some reviews and make sure its legal here are the copy of the receipts if there wrong then help me make them right?

this will be my copy
Receipt of Sale sold as seen.

1998 Suzuki bandit N600
Color: Orange/Black
Registration:
Vehicle Identification Number:
For the total price of £800 (eight hundred pounds and zero pence)

I .......................... Agree to accept three deposit payments of £200 ( two hundred pounds ) to be made by ............................................. on the dates bullet pointed belowe
saterday the 11th of september 2010
Friday the 17th of september 2010
Friday the 24th of september 2010
Friday the 1st of october 2010

And will allow .................................... to take the Suzuki bandit n600 to on the 11th september 2010

if ............................................ misses a payment on the above dates then full payment or the outstanding amount plus the amound due on the date prior to the one missed the correct amount would be £400 how ever is this payment is also missed then I .......................... have full right to recover the suzuki bandit n600 without any deposits made refunded

I The Seller

Agree to this contract by signature


I The Buyer

Agree to this contract by signature


Witness signature and name


this will be his copy
Receipt of Sale sold as seen.

1998 Suzuki bandit N600
Color: Orange/Black
Registration:
Vehicle Identification Number:
For the total price of £800 (eight hundred pounds and zero pence)

I .......................... Agree to make three deposit payments of £200 ( two hundred pounds ) and One final payment of £200 (Two Hundred Pounds) to ............................................. on the dates bullet pointed belowe
Saterday the 11th of september 2010
Friday the 17th of september 2010
Friday the 24th of september 2010
Friday the 1st of october 2010

And will take the Suzuki bandit n600 to on the 11th september 2010 Still owing the total of £600 (Six Hundred Pounds)

if I .............................. miss any payments on the above dates then i Understand that i must make a payment of the balanced owed with the balance due if i miss this payment also then i Understand that ............................... Has full rights in recovery of the Suzuki Bandit N600 without refund of any deposits made.


I The Buyer

Agree to this contract by signature


I The Buyer

Agree to this contract by signature


Witness signature and name
 
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