Charli Trundle January 9, 2020 Bill of Sale Examples
A Vehicle Bill of Sale is a legal document evidencing the detail of exchanged ownership of a vehicle. It establishes an `as is` assumption that the buyer accepts the purchase in its current condition. The bill details names and addresses of buyer and seller, date of sale, price, vehicle registration and other details.
To better understand the legal aspects surrounding a bill of sale, it is important to go online and search for a sample bill of sale and look at the legal language used in these forms and take note of their common terms and elements. However, be sure to verify the quality of any legal form if you actually intend to use it.
One thing to know is that a bill of sale template acts much like a contract, meaning that if written and executed properly, it is legally binding to all signers of the document. For that reason, it is imperative that buyers and sellers not only read the bill of sale form carefully but also ascertain that all of the information is accurate and complete.
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