3/8/2024 0 Comments Simple bill of sale templateHowever, a Bill of Sale can be used to document any sale, regardless of the amount of money in question. Most states require a Bill of Sale to accompany the private sale of a motor vehicle for sales tax assessment and ownership transfer at the DMV, so it’s a good idea to check your local laws before selling or purchasing valuable items. Typically, a Bill of Sale is only used to document valuable transactions, such as selling a vehicle or other valuable items. In other words, when you purchase or sell an item, you can use a Bill of Sale to record the transaction to protect it from being contested at a later time. What Is a Bill of Sale?Ī Bill of Sale is a legal document explaining the details of a sale. When purchasing or buying an item, even one of modest value, a Bill of Sale helps document the terms of the transaction.
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