A bill of sale is a legal document that outlines the purchase of property between a buyer and seller. It commonly includes both parties’ information, a description of the property, the sales price, and any warranty provided by the seller. A motor vehicle bill of sale is between a buyer and a seller of a car, truck, or motorcycle. It is signed as the last step in the sales process after both parties have received possession of the exchange. After signing, the buyer must keep an original copy of the bill of sale and certificate of title to register the vehicle with their local DMV office. An as-is bill of sale is a transaction in which a buyer is purchasing an item in its present condition with all faults, visible or not. No warranty or guarantee is made by the seller. After the transaction is complete and the bill of sale is signed, ownership and title transfer immediately to the buyer. A North Carolina motor vehicle bill of sale is legal proof that the purchase and sale of a vehicle has occurred. It provides required information about the seller, the buyer, the vehicle, and the change of ownership. This form may be required to transfer title and registration and requires notarization. A general bill of sale is a document that acts as a receipt for the sale or exchange of any type of personal property. The buyer of the property can use this form to prove ownership. A Minnesota bill of sale provides details regarding a sale between a buyer and seller for personal property. Most commonly used for vehicle transactions, the form includes sale information required for accounting and registration purposes. A South Dakota bill of sale form details a transaction between a buyer and seller for the purchase of personal property. The document should include the parties’ information, item description, purchase price, and any warranties given. If the sale involves a vehicle, its Certificate of Title should be included and signed over to the new owner. Indiana bill of sale forms are legal documents used between a seller and a buyer to provide evidence of a sale that has occurred. These forms can also be used to prove a change in ownership of property.
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