It is easy to get free bill of sale download these days from various websites on the internet, but before you create and sign a bill of sale it is essential to have an understanding about the various terms being used therein. Know about some important terms related to a Bill of Sale form. Please visit this site to get a sample vehicle bill of sale.
As-Is This is a clause or statement in a bill of sale that mentions that the item being transacted is in its present state, whether used or new, and that it is being accepted by the buyer with all its flaws. It keeps the Seller protected and prevents the customer from returning after the completion of the transaction with some complaints against the item. Vehicle Identification Number (VIN) It is a unique code of 17 characters that comprises of letters and numbers and is essentially the vehicle’s “serial number”. The VIN has to be mentioned in the bill of sale for the vehicle, to make it valid. You can download a sample bill of sale to find a section that demands the VIN to be mentioned. Notary Public This refers to a third party public officer with no interest in the sale, who can be trusted to attest to the seller’s and buyer’s signatures. You may opt for a professional notary service or go to your local bank / financial institution to find a Notary Public. Trade-In It is a form of transaction that begins with the seller being offered an item by the buyer, at a discount for the items of the seller or in equal exchange. Such a transaction is practiced commonly in the auto industry when the buyer wishes to trade his used item in for some other item that the seller has on offer. Gift It refers to the activity to giving an item, with no compensation in exchange, to the buyer. For more information about getting an auto bill of sale in Louisiana and bill of sale in South Carolina, please visit this website. Read more articles about free bill of sale here at - http://www.articles.kraftloft.com/Articles-of-2019/importance-getting-car-bill-sale-document
0 Comments
Leave a Reply. |
AuthorCarl writes often about legal drafting and help. ArchivesCategories |