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2014 Kentucky Revised Statutes
CHAPTER 371 - FORMALITY AND ASSIGNABILITY OF CONTRACTS -- INSTALLMENT SALES CONTRACTS
371.250 Contract not to be signed in blank -- Acknowledgment of delivery of copy.

KY Rev Stat § 371.250 (2014) What's This?

Download as PDF 371.250 Contract not to be signed in blank -- Acknowledgment of delivery of copy. A retail installment contract shall not be signed by any party thereto when it contains blank spaces of items which are essential provisions of the transaction; provided, however, if delivery of the goods is not made at the time of the execution of the contract, the identifying numbers or marks of the goods or similar information and the due date of the first installment may be inserted by the seller in the seller's counterpart of the contract after it has been signed by the buyer. The buyer's acknowledgment, conforming to the requirements of KRS 371.220 to 371.290, of delivery of a copy of the contract shall be presumptive proof or, in the case of a holder of the contract without knowledge to the contrary when he purchases it, conclusive proof of such delivery and of compliance with this section in any action or proceeding. History: Created 1962 Ky. Acts ch. 136, sec. 2(8).

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