Most states require a bill of sale as proof of purchase when buying or selling a vehicle or a branded animal, like a horse (a horse bill of sale). When Should You Use a Bill of Sale?Ī bill of sale is commonly used when selling or buying an item of value. It protects both the buyer and the seller, should disagreements arise in the future. The bill of sale, as a rule, is drafted by the seller and includes the details of the transaction. It also can be used to record the sale of personal property, such as animals or furniture.
The document is commonly used to record the sale of aircraft, autos, motorcycles, and watercraft. A bill of sale is a legal document that records the transfer of ownership of an asset to a second party in exchange for money.
0 kommentar(er)
