Bill of Sale
Bill of Sale
A Bill of Sale is a legal document that transfers ownership of personal property from one party to another. It serves as proof of the transaction and includes details such as the names of the buyer and seller, a description of the property, the sale price, and the date of the transaction. This document can be used for various types of transactions, including the sale of vehicles, furniture, or other tangible goods.
Examples:
- A person sells their used car to another individual, and they complete a Bill of Sale that includes the vehicle’s VIN, make, model, year, and the agreed sale price.
- A furniture store sells a sofa to a customer and provides a Bill of Sale that outlines the purchase details, including the item description and total cost.
Cases:
- In Smith v. Jones, the court upheld a Bill of Sale as valid evidence of ownership transfer in a dispute over a sold motorcycle.
- In Johnson v. State, a Bill of Sale was critical in proving that the defendant had legally acquired a firearm, affecting the outcome of the case regarding possession laws.