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Template installment-sale@0.1.0

This is a clause for a simple installment sale.

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Installment Sale

A simple clause for a sale paid in installments.

Sample

"Dan" agrees to pay to "Ned" the total sum e10000, in the manner following:

E500 is to be paid at closing, and the remaining balance of E9500 shall be paid as follows:

E500 or more per month on the first day of each and every month, and continuing until the entire balance, including both principal and interest, shall be paid in full -- provided, however, that the entire balance due plus accrued interest and any other amounts due here-under shall be paid in full on or before 24 months.

Monthly payments shall include both principal and interest with interest at the rate of 1.5%, computed monthly on the remaining balance from time to time unpaid.

Model Dependencies

Technical Integration

Please refer to the Cicero documentation for details and examples of how to integrate a call to a Cicero template into your application.

View the Latest code for this template on on GitHub.

Sample Instance

{
    "$class": "org.accordproject.installmentsale.InstallmentSale",
    "BUYER": "Consectetur eu magna ut et.",
    "SELLER": "Non enim incididunt.",
    "INITIAL_DUE": 196.3,
    "INTEREST_RATE": 22.305,
    "TOTAL_DUE_BEFORE_CLOSING": 91.798,
    "MIN_PAYMENT": 8.27,
    "DUE_AT_CLOSING": 127.585,
    "contractId": "40d81170-6df4-11e8-bb3b-67a2e79acc24",
    "parties": [
        "resource:org.accordproject.cicero.contract.AccordParty#3144"
    ]
}

State

{
    "state": "tbd"
}

Request Types

Type Sample JSON
org.accordproject.installmentsale.ClosingPayment 
{
    "$class": "org.accordproject.installmentsale.ClosingPayment",
    "amount": 27.379,
    "transactionId": "40d85f90-6df4-11e8-bb3b-67a2e79acc24",
    "timestamp": "2018-06-12T03:54:06.217Z"
}
org.accordproject.installmentsale.Installment 
{
    "$class": "org.accordproject.installmentsale.Installment",
    "amount": 79.456,
    "transactionId": "40d83880-6df4-11e8-bb3b-67a2e79acc24",
    "timestamp": "2018-06-12T03:54:06.216Z"
}

Response Types

Type Sample JSON
org.accordproject.installmentsale.Balance 
{
    "$class": "org.accordproject.installmentsale.Balance",
    "balance": 32.401,
    "total_paid": 3.335,
    "transactionId": "40d85f92-6df4-11e8-bb3b-67a2e79acc24",
    "timestamp": "2018-06-12T03:54:06.217Z"
}

Events Types

Type Sample JSON