05 16 DELAYED PRICE PURCHASE CONTRACT (TITLE TO GRAIN PASSES ON SIGNING)

• Jurisdiction: Arkansas
• Library: Arkansas Form Book - Complete (2023 Ed.)

05-16 DELAYED PRICE PURCHASE CONTRACT (TITLE TO GRAIN PASSES ON SIGNING)

DELAYED PRICE PURCHASE CONTRACT

DATE: [date] NO. [contract number]

SELLER: [seller name]
[seller address]
[seller phone number]

COMMODITY: [type of commodity] QUANTITY: [quantity of commodity]

SCALE OF DISCOUNTS: Buyer's scale of discounts at time of delivery.

GRADES: Buyer's grade shall apply at time of delivery unless State of Arkansas official grades are requested at or prior to delivery. Seller shall pay for Arkansas official grade if [he/she] so requests.

LIEN: [describe lien] LIEN HOLDER: [name of lien holder]

With reference to the commodities sold and delivered under this contract, Seller warrants that same is free and clear of any and all liens, penalties, charges or other encumbrances, unless hereinabove noted.

PAYMENT by Buyers draft or hereafter specified; [state terms of payment].

Base Price: $[base price per bu]/bu. Target Future Month: [target future month]

Delivery Point: [place of delivery] CBOT price: $[CBOT price per bu]/bu

The undersigned Seller hereby SELLS AND TRANSFERS all of [his/her] right, title, and interest in the above grain to...