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The Acknowledgement Receipt For Motor Vehicle is a crucial document in Philippine vehicle transactions, required under the Land Transportation and Traffic Code and related regulations. It serves as official documentation of vehicle transfer, protecting both buyer and seller interests. This document is essential for legal compliance, vehicle registration purposes, and maintaining clear ownership records. It must include specific details about the vehicle, transaction, and parties involved, as mandated by Philippine law. The receipt is commonly used in both private and commercial vehicle transfers, and may be required for presentation to various authorities including the Land Transportation Office (LTO), insurance companies, and financing institutions.

1. Vehicle Details: Complete specifications of the vehicle including make, model, year, color, engine number, chassis number, plate number

2. Receipt Information: Date, location, and transaction reference number

3. Seller Information: Complete details of the seller including name, address, and valid ID information

4. Buyer Information: Complete details of the buyer including name, address, and valid ID information

5. Purchase Price: Total amount paid and payment details including method of payment

6. Vehicle Condition Declaration: Statement describing the condition of the vehicle at the time of transfer

7. Warranties and Representations: Basic warranties about vehicle ownership and absence of liens

8. Acknowledgement: Formal acknowledgement of receipt of both vehicle and payment

9. Signatures: Signature blocks for buyer, seller, and witnesses