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Motortrade Nationwide Corporation, branded as Motortrade and sometimes incorrectly called simply as Motortrade Philippines, is a Philippine-based conglomerate engaged in motorcycle dealership, [1] sales and repair, and loans services.
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.
Alexander A. Krivenko v. The Register of Deeds, City of Manila (G.R. No. L-630) [2] was a landmark case decided by the Philippine Supreme Court, which further solidified the prohibition of the Philippine Constitution that aliens may not acquire private or public agricultural lands, including residential lands.
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 ...
A deed is a legal document that is signed and delivered, especially concerning the ownership of property or legal rights. Specifically, in common law, a deed is any legal instrument in writing which passes, affirms or confirms an interest, right, or property and that is signed, attested, delivered, and in some jurisdictions, sealed.
Electric motor vehicles are classified in a similar manner, but are subject to additional criteria based on power output, particularly for light electric vehicles (LEVs), which have added restrictions and exemptions. [20] Electric vehicles were first classified on May 11, 2021 with the issuance of LTO Administrative Order No. 2021-039.
The Land Registration Authority (LRA; Filipino: Pangasiwaan sa Patalaan ng Lupain) is an agency of the Philippine government attached to the Department of Justice responsible for issuing decrees of registration and certificates of title and register documents, patents and other land transaction for the benefit of landowners, agrarian reform-beneficiaries and the registering public in general ...
The 2014 design, in production from 2014, used the numbering format LLL-DDDD for automobile vehicles, and LL-DDDDD for motorcycles. In this format, the region in which the vehicle is registered is stamped on the bottom of the plate, thereby removing the need for registration area prefixes (except for motorcycles).