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Simple English definitions for legal terms

bill of sale

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A quick definition of bill of sale:

A bill of sale is a written document that proves someone bought something from someone else. It includes information like the names and contact information of the buyer and seller, what was bought, how much it cost, and any promises the seller made about the item. Bills of sale are often used when people buy cars, boats, or planes. They can also be used to show who owns something if they don't have it with them. There are two main types of bills of sale: absolute (when someone pays for something in full) and conditional (when someone borrows money to buy something).

A more thorough explanation:

A bill of sale is a written document that confirms the purchase of property from a seller by a buyer. It is similar to a receipt and includes information about the transacting parties, a description of the item sold, warranties made by the seller, conditions attached to the sale, date of transfer, price, payment schedule, and signatures of both parties.

  • When you buy a car from a private seller, they will give you a bill of sale that shows you are now the owner of the car.
  • If you sell your boat to someone, you will need to provide them with a bill of sale that includes the details of the transaction.

The examples illustrate how a bill of sale is used to document the transfer of ownership of property from one person to another. It is a legal document that protects both the buyer and seller by providing a record of the transaction.

There are two main types of bills of sale:

  • An absolute bill of sale is used for the sale of goods and completely conveys property without any restrictions or scheduled payments. It is ideal for transactions that involve payment in full and items sold in "as is" condition.
  • A conditional bill of sale is used for borrowing and financing and conveys property with conditions on the buyer's ownership. It is most appropriate for transactions involving loans, like the purchase of a house.

The types of bills of sale illustrate how they can be used in different situations, depending on the nature of the transaction.

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@JumpySubsequentDolphin: NAURRR i need to try them on to see. ive never owned anything from them exceot maybe a tank in middle school?? but ive been a longtime lurker/windowshopper/fan
JumpySubsequentDolphin
20:45
SPLITTY if their jeans fit on my thighs they’re too big on my waist!!! it’s so frustrating
NOOO THEIR WHITE GIRL JEANS actually idk why im surprised
THEYRE**** THAT WAS AUTOCORREXT I SWEAR
babycat
20:46
@m10: infinitely generating means it comes up with new pictures? or new copies of the same pictures?
JumpySubsequentDolphin
20:46
if you’re the slightest bit curvy they are so obnoxious. me and my Abercrombie curve love’s are good together
SHUT UP I LOVE ABERCROMBIE JEANS
m10
20:47
Did y'all see this from ararara last night? https://studicata.com/case-briefs/all/
THOSE FIT SOO GOOD. i desperately need new jeans tho i ahvent gone shopping in millennia so a discount would come in clutch
JumpySubsequentDolphin
20:48
I got these jeans from re/done on a crazy sale and I love them BYT RHEY HAVE FIVE BUTTONS
JumpySubsequentDolphin
20:48
I DIDNT REALIZE WHEJ I BOUGHT THEM BC THEYRE HIDDEN. LIKE INSTEAD OF A ZIPPER THEYREBALL BUTTONS
JumpySubsequentDolphin
20:48
what if I have to pee.
THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
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