What Are The Types Of Bill Of Sale Forms?

By Author: Carl Glendon
Total Articles: 46
Comment this article

A ‘Bill of Sale’ is the name given to a kind of document that gives written details about a property transfer or goods sale from one party to the other. It acts as a piece of legal evidence that a transaction has been fully considered and the rights have been transferred by the seller to the assets mentioned to the buyer in the bill of sale. This is an essential tool, useful for personal or business items, and can be used to record the sale of unique or expensive properties. It may also be useful in establishing who the legal owner of the item is. Bill of Sale in Kansas can be categorized into two main types:

Conditional bill of sale

It represents any transfer or assigning of personal chattels (tangible moveable property) to an individual in the form of security for monetary payment. This type of bill of sale creates a type of security that favors the recipient of the bill, or the grantee, by which he is provided with the personal right of seizure that gives right to possessory type of security interest.

Absolute bill of sale

This type of bill of sale ...
... form does not stand for any type of security. Instead, it works as a basic document that evidences transfers, assignments and other assurances of tangible personal moveable properties that are, to a major extent, nothing more than simple goods sale contracts that are covered by the sale of goods law and the common law of contract.

These days, a bill of sale is a legal instrument that is written commonly and shows that a title / interest / right to a personal property has been transferred voluntarily, either through security or entirely from one individual to another without the property possession being transferred physically from the owner to another party. For more information about getting a free bill of sale Alabama vehicle, please visit this website.

Author Resource:-

Carl writes often about online legal drafting like affidavit, bill of sale and release/ waiver agreement to help the people. You can find his thoughts at standard bill of sale form blog. Please visit this site to get a sample bill of sale in California.