Sale Deed

Take posted dated cheque or send it by VPP

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​Value Payable Post

The value payable system is designed to meet the requirements of persons who wish to pay  for articles sent to them at the time of receipt of the articles or of the bills or railway receipts relating to them, and also to meet the requirements of traders and others who wish   to   recover, through the agency of the Post Office the value of article supplied by them.

Value Payable Articles

Registered Parcels, registered letters, registered book packets and newspapers prepaid with postage of newspaper rates of postage and with registration fee  may be transmitted by the inland post as value payable postal articles, provided that the amount specified for remittance to the sender in the case of any such postal article does not exceed Rs.5,000/- and provided  that such parcels, letters and packets do not contain coupons, tickets, certificates of introduction designed for the sale of goods on what is known as the “Snowball System”.

Declaration

No such postal article as aforesaid will be accepted at any post office for transmission by post as a value payable postal article unless the sender declares that it is   sent in execution of a   bona fide order received by him. At any   post   office notified from time   to time in this   behalf by the Director General, the sender will in addition be required to declare   that the article is one the transmission of which by post as a value payable postal article is permitted. No postal article as aforesaid will be accepted at these offices without such further declaration.

Explanation: An article   may be sent by the   value payable post even though it possesses no intrinsic value. Thus legal documents, bonds,    policies of insurance,   promissory note railway goods and parcel receipts, bills of leading or ordinary bills for collection may be sent as value payable postal articles. In the case of a railway receipt of bill of leading sent as a value payable     postal article, it will be sufficient for the purposes of this rule if the article to which railway receipt of bill of leading relates has been sent in execution of a bona fide order. In the case of the other documents specified the documents must be sent in execution of a bona fide order to send the document itself.

Post Office from and to which Value Payable Articles may be sent:

Value payable postal articles can be posted at any post office that is a money order office (with a few exceptions) for transmission to any other post office that is a money order office.

Manner of Posting

(1) Every postal   article   intended to be   transmitted   by   post as   a value   payable postal article must be presented at the post office with the prescribed printed form in which the sender must specify the sum to be remitted to himself full in the required entries (in ink)   and sign the declaration   required by clause 188. The sender must also write clearly on the face of the article itself:

(a) in the upper left hand corner the letters “VP” followed by an entry in figures and words of the amount for remittance to himself and

(b) in the lower left hand corner – his own name and full address

Note: The sender’s name and address may be  indicated by clear impression of a stamp   on the value payable articles.

(2) Value payable articles will not be accepted unless the   town of   payment   shown in  the value payable money order form is the one where the article has been booked.

(3) A receipt will be given to the person who presents the article.

Originally posted by : Rajdip Barua
	My friend want to sell a computer component of his old PC but the buyer lives at very long distance so he will get the delivery of the item through courier service. But the buyer will pay only 50 percent of the total price before delivery and rest 50 percent of the price after the delivery. Can I make a digital agreement for that ? Please help me.

OPTION - 1:
1. IF you are getting 50% for old computer parts, THEN forget the "digital agreement" and rest 50% , since you will not be able to do anything legal & financially viable for any such non-performances.

OPTION - 2:
2. Collect the 50% Advance and do not send the Product & be happy about it since the Buyer will not be able to do anything legal & financially viable for any such non-performances.

OPTION - 3:
3. Collect the 50% Advance and do not send the Product. When Buyer party follows up, THEN insist on balance 50% before despatching product.

Keep Smiling .... Hemant Agarwal
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