BUYER AGREES TO COMPLETE THE TRANSFER
OF OWNERSHIP AND REGISTER THIS VEHICLE WITHIN TEN (10) DAYS AFTER THE DATE
ENTERED ON THE BILL OF SALE OR TRANSFER FORM EXECUTED BY THE SELLER. BUYER'S
COMPLIENCE MUST BE PROVEN BY ONE OF THE FOLLOWING DOCUMENTS DATED WITHIN THE
TIME PERIOD SPECIFIED; CERTIFICATE OF OWNERSHIP AND REGISTRATION OR FEE RECEIPT
AND TEMPORARY OPERATING PERMIT OF ANY OTHER DOCUMENT PROVIDED BY THE CALIFORNIA
DEPARTMENT OF MOTOR VEHICLES WHICH INDICATES THE BUYER IS THE CURRENT OWNER OF
THE VEHICLE/VESSEL AND THAT SUCH VEHICLE/VESSEL IS DULY REGISTERED.
BUYER WARRANTS THAT THEY SHALL ENDEMNIFY, HOLD HARMLESS, AND PAY
REASONABLE ATTORNEY FEES AND COSTS TO THE SELLER AND THEIR AGENTS FOR ANY AND
ALL CLAIMS ARISING OUT THE BUYER'S FAILURE TO TRANSFER AND REGISTER THE
VEHICLE/VESSEL AS SET FORTH ABOVE. FAILURE TO REGISTER THE VEHICLE/VESSEL AS
SET FORTH ABOVE WILL RESULT IN PENALTIES TO THE BUYER AS REQUIRED BY THE
CALIFORNIA VEHICLE CODE.
BUYER FURTHER UNDERSTANDS THAT THE
VEHICLE/VESSEL IS PURCHASED AS
IS, AND THAT THE SELLER HAS NO KNOWLEDGE OF THE MECHANICAL CONDITION
OF THE VEHICLE/VESSEL, AND THAT THE VEHICLE/VESSEL IS BEING SOLD WITHOUT ANY
GUARANTEES, EXPRESSED OR IMPLIED, AND THAT THE VEHICLE/VESSEL MAY OR MAY NOT
COMPLY WITH CURRENT STATE OR FEDERAL SAFETY, SMOG, AND/OR OTHER REQUIREMENTS.
IN ACCORDANCE WITH SECTION 5900 OF THE CALIFORNIA VEHICLE CODE, THE SELLER WILL
NOTIFY THE DEPARTMENT OF MOTOR VEHICLES WITHIN FIVE (5), DAYS OF THIS TRANSFER
GIVING THE DATE, VEHICLE DESCRIPTION, ODOMETER READING, AND THE BUYER'S NAME
AND ADDRESS.
BUYER ALSO UNDERSTANDS THAT UNLESS THEY ARE A LICENSED
DEALER, OR UNLESS THE VEHICLE IS BEING PURCHASED FOR THE PURPOSE OF BEING
WRECKED OR DISMANTLED, OR PURCHASED FOR EXCLUSIVE OFF-HIGHWAY USE, THAT
CALIFORNIA LAW REQUIRES THE BUYER OBTAIN A CERTIFICATE OF COMPLIANCE OR
NONCOMPLIANCE FROM AN ENHANCED SMOG STATION, ISSUED IN
ACCORDANCE WITH SECTION 44015 OF THE HEALTH AND SAFETY CODE AND REGISTER THE
VEHICLE WITH THE DEPARTMENT OF MOTOR VEHICLES. FAILURE TO COMPLY WITH THIS
PROVISION WILL RESULT IN A LIEN AGAINST ANY VEHICLE OWNED BY THE BUYER PURSUANT
TO SECTION 1076 OF THE REVENUE AND TAXATION CODE, ENFORCEABLE PURSUANT TO
SECTION 10877 OF THE REVENUE AND TAXATION CODE AND ARTICLE 6 (COMMENCING WITH
SECTION 9800) OF CHAPTER 6 OF DIVISION 3.
BUYER SHOULD NOTE THAT THE
LAST REGISTRATION FOR THIS VEHICLE HAS EXPIRED. THIS MAY RESULT IN ADDITIONAL
PENALTIES AND FEES REQUIRED TO REGISTER THIS VEHICLE WITH THE DEPARTMENT OF
MOTOR VEHICLES. |
