Assignment in

LEGAL COMMUNICATIONS: LEGAL

FORMS AND CORRESPONDENCES :
Parts of Contracts and Deeds and its
Purpose

Submitted by:
Isaias S. Pastrana Jr.
Student

Submitted to:

Atty. Ida Marie V. Escolano

Professor

Submitted this 1st day of October, 2014 for your review and evaluation.

Legend for Labeling of Parts of Contracts and Deeds

1. Title - T

2. Announcement - II

II

3. Party One 4. Object (

5. Consideration - <

>

6. Acts - _________
7. Part Two 8. Signature {

9. Acknowledgment [

Contract/Deed
Deed of Absolute Sale

Purpose
Form for absolute sale of real property. Absolute meaning the
object is to be paid in full term
To provide substantial proof that both party, the seller and buyer,

Contract to Sell

agreed, if signed, or disagreed, if amended or ignored, on a

Deed of Conditional

specified object/objects.
As distinguished from Absolute Sale, A Conditional Sale is one

Sale
Deed of Sale of Motor
Vehicle
Deed of Assignment
Contract of Lease
Real Estate Mortgage

Chattel Mortgage

with terms of payment of balance, after a down payment

Like any Deeds of Sale, the object is described accordingly for
validity and legality which can either be with terms of payment
from an Absolute or Conditional Sale
Used to assign or transfer certain rights or interest to another
For agreements of rental of real properties. There is no transfer
of title or property executed here
Form executed by a debtor who mortgages his real estate
property to secure his obligation
The only difference here is that chattel refers to any movable
legal property, instead of real, which is the object of mortgage to
secure payment to lender
This form authorizes a person to form some acts for the

Special Power of

principal. To distinguish it from the General Power of Attorney,

Attorney

this form limits and specifies certain acts which can be done by

Revocation of Power of

the attorney-in-fact
This form is executed by one who empowered another person

Attorney
Last Will and
Testament
Deed of Donation

thru a Power of Attorney and has decided to revoke the same

A very sacred document which is most awaited by heirs, there
are formalities, however, which is uniquely peculiar only to this
instrument and requires strict compliance
Common donation form stating act of liberality
This is a form of business organization which is a little bit

Articles of Partnership

informal than a corporation. No stock shares and at least two

Articles of

can already form a partnership

This form is usually bought at the SEC with the incorporators

Incorporation

left with nothing but to fill up the blanks thereon