Common use of Always Clause in Contracts

Always. get a signed and dated receipt for any payment, and save it. This may be your only proof that you have paid. Money orders are hard to trace. Cash payments cannot be proved without a receipt. You can pay for things two ways. You can pay in full. You also can finance over time. When you buy on time, the seller is giving you credit. This is the same as a loan. In return, you promise to pay the amount of the loan plus interest. If you finance over time, the total cost increases. This is because you also are paying for the cost of credit. If you finance over time, be sure you read, understand, and agree with everything on all of the papers, before you sign anything. The papers should tell you the following things: • What you are purchasing. • The exact price you are paying. • Any down payment or trade-in. • The amount you are financing. • The finance charge (the dollar amount the credit will cost you). • The annual percentage rate (APR), which is the rate of interest stated as a yearly rate. • The number and amount of payments. • The date the payments are due. • The total sales price (the sum of the monthly payments, plus any down payment or trade-in).

Always. get a signed and dated receipt for any payment, and save it. This may be your only proof that you have paid. Money orders are hard to trace. Cash payments cannot be proved without a receipt. You can pay for things two ways. You can pay in full. You also can finance over time. When you buy on time, the seller is giving you credit. This is the same as a loan. In return, you promise to pay the amount of the loan plus interest. If you finance over time, the total cost increases. This is because you also are paying for the cost of credit. If you finance over time, be sure you read, understand, and agree with everything on all of the papers, before you sign anything. The papers should tell you the following things: •  What you are purchasing. •  The exact price you are paying. •  Any down payment or trade-in. •  The amount you are financing. •  The finance charge (the dollar amount the credit will cost you). •  The annual percentage rate (APR), which is the rate of interest stated as a yearly rate. •  The number and amount of payments. •  The date the payments are due. •  The total sales price (the sum of the monthly payments, plus any down payment or trade-in).