skip to content
Law Handbook banner image

Payout or assignment of contracts on chattels

The contracts on chattels (goods in the house such as stoves, airconditioners, etc) that are still under a lease or consumer credit contract but are to be included in the purchase must either be paid out by the vendor (so that a clear title to those chattels can be passed to the purchaser) or assigned to the purchaser. It is unwise to take on the obligations of the vendor in this way, and in any event, the credit provider may refuse to accept an assignment.

Payout or assignment of contracts on chattels  :  Last Revised: Wed Jun 18th 2014
The content of the Law Handbook is made available as a public service for information purposes only and should not be relied upon as a substitute for legal advice. See Disclaimer for details. For free and confidential legal advice in South Australia call 1300 366 424.