It is accepted as legal evidence to prove that the full consideration has been paid to conclude a transaction and also, to acknowledge that the seller has transferred the rights attached to the asset(s) as mentioned in the bill of sale documented to the buyer.Ī bill of sale is the document used commonly to record the transactions relating to the sale of automobile, aircraft, motorcycle and also, it can be used to record the transactions relating to sale of animal, furniture and personal property as well. In practical sense, a bill of sale is known as a document that includes the details of a sale of goods in written form or transfer of property from one person/ party to another person/ party. Here she discusses “Bill of Sale: all you need to know”. This article is written by Nirali Shah, pursuing a Diploma in Advanced Contract Drafting, Negotiation and Dispute Resolution from.
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