What Is a Transaction Guarantee?

The so-called buy-and-sell guarantee refers to the system of transferring ownership of the subject matter by way of buying and selling, and accommodating money in the name of price, and agreeing to buy back the subject matter in the future.

Buy and sell guarantee

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The so-called buy-and-sell guarantee refers to

The so-called sale guarantee is also known as " sale and guarantee ", " sale guarantee " or " sale upon arrival ". In Japan, " sale guarantee " refers to transfer by sale

There are two ways of buying and selling guarantees: buying and selling with the right of rescission; rebuying with conditions of suspension.

1.Sales with the right to cancel

The sale with the right to cancel is the transfer of ownership of the buyer's property to the buyer, and the credit is granted according to the payment of the price. At the same time, the right to refund the price to cancel the sale is reserved, and the buyer has no right to request the return of the price. .

For example, A needs a sum of money to sell a painting to B, and B pays the price and A. At the same time, the two parties agree that A reserves the right to refund the price and cancel the purchase and sale of the painting. A returns the money, B should return the painting to A. B does not enjoy the creditor's right to refund the price. If Party A does not repay the price within the agreed period, it loses the right to cancel. Buying and selling is different from borrowing. In the sale of the right to cancel the sale, the return of the price is not the obligation of the seller, and for the condition of exercising the right to cancel the sale, the buyer does not enjoy the creditor's right to request the return of the price. In money lending, repayment is an obligation of the borrower and must be fulfilled. The lender has the right to request repayment.

2. Resale with suspension conditions

Resale with a stop condition is commonly known as buyback sale. This kind of sale has a stop condition. Once the condition is fulfilled, the seller can exercise the right to buy back, and buy back the purchase and sale target at the recipient's price or the agreed price. . For example, if A sells the house to B, the two parties agree that if B sells it again, A has the right to buy back.