bill of sale


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Bill of Sale

A document a seller gives to a buyer stating that a sale occurred on a given date, at a given place, for a given amount of compensation. A bill of sale is a type of receipt and may be used as proof in court if there is a dispute. See also: Absolute bill of sale, Condition bill of sale.

bill of sale

A written instrument used to transfer ownership of personal property. Many buyers insist on a general bill of sale, in addition to a deed, to ensure that all property intended to pass in the sale actually does so.Some states have held that certain real estate-related interests are actually personal property,and attempted sales via deed were void.

References in periodicals archive ?
Besides the incomplete bill of sale and the dated deeds belonging to the residents of Willow Springs, we are offered yet another text--the genealogy of the Days.
Accordingly, the Sellers have entered into the Bill of Sale with Buyer, pursuant to which Buyer will acquire the assets of Sellers by credit bidding the Debentures based on a starting value of $10,500,000 and adjusted for (a) cure costs of $1,333,000, (b) payments to/refinancing of senior lien holders of $750,000, and (c) assumed liabilities, including accounts payable and employee obligations but excluding cure costs, of $1,612,000, resulting in a final credit bid of $6,805,000.
Pursuant to the Bill of Sale, the Sellers consummated the sale of substantially all of their assets and the assignment of certain liabilities to OTV Acquisition Co.
A copy of the bill of sale and power of attorney signed by the King himself which authorized the purchase of the car will also be included with the car as well as others, creating an amazing paper trail which tracks the Lincoln's build to its ultimate delivery to Elvis.
The only ID this guy had on him was the bill of sale for his car, which wasn't the same as personal identification.
Canyon Creek has forwarded the lease documents and assignment and the bill of sale to the Starr County Clerk's Office for recording.
The dealer lost, because he signed a valid bill of sale that locked him into the original price.
If there isn't one, the stone should be graded by the GIA system and indicated on the bill of sale.
The transfer of these DPRs will be structured as a 'true sale,' pursuant to an origination agreement and bill of sale between each bank and the SPC covering existing and future U.
In February, a car salesman came to the prison so that du Pont could sign the bill of sale.
Finalization and signing of both the bill of sale and the officer's closing certificate has completed this transaction.