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The business grew and shifted towards a motorcycle retail business and was eventually incorporated by the Securities and Exchange Commission (SEC) on December 27, 1979, as Motortrade Nationwide Corporation. [3] In 2011, Motortrade ranked top 300 in BIR's list of top taxpaying corporations in the Philippines. [4]
The lien may be satisfied by selling the vehicle through the lien sale process. To conduct a lien sale, the person/lienholder must have possession of the vehicle and may require lien sale authorization from the State's Department of Motor Vehicles, depending on the State and or value of the vehicle. Interested parties, including the registered ...
Kawasaki Motors Philippines Corporation (KMPC or Kawasaki Philippines) is a subsidiary of Kawasaki Heavy Industries, Ltd. under the motorcycle unit. It manufactures motorcycle/motorcycle parts, and bicycle/bicycle parts. Kawasaki Philippines is also the official distributor and assembler of Bajaj and Modenas in the Philippines.
When the conditions on the sale contract have been met, legal title passes to the buyer in what is known as closing. In England and Wales , the terms "purchaser" and "vendor" are used. [ 1 ] Properties that are sold on the basis of equitable title have a legal chain of title intact, and a recorded transfer with the local municipality.
Vehicle registration plates in the Philippines, commonly known as license plates (Filipino: plaka), are issued and regulated by the Land Transportation Office (LTO), a government agency under the Department of Transportation (DOTr).
The Motorcycle Riding-in-Tandem Ordinance is an ordinance enacted by the City Council (Sangguniang Panlungsod) of Mandaluyong, a city in Metro Manila, Philippines.. It was enacted as a counter-measure against snatch thievery and other crimes by restricting motorcycle pillion riding, which is colloquially known as "riding in tandem" in the Philippines.
A full coverage search is usually done when creating a title report for sale/resale transactions and for transaction that involves construction loans. It generally includes searches related to property lien, easements, covenants, conditions and restrictions(CC&Rs), agreements, resolutions and ordinances that will affect the real property in question.
Title deeds vary by design but always include vehicle-specific information at the front of the document (such as: year, make, model, VIN, color, etc.) and several boxes for transaction information at the back where information about change of ownership is recorded (such as sale date, odometer reading, seller and buyer names and signatures, etc ...