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Bill of Sale with Warranty for Corporate Seller - South Dakota

Bill of Sale with Warranty for Corporate Seller - South Dakota 2025

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The document is a Warranty Bill of Sale, wherein a corporation (Seller) sells personal property to a Purchaser for a specified amount. It includes terms affirming the Seller's ownership and authority to sell the property, along with a warranty against claims from others. The document requires signatures from the Seller and acknowledgment by a notary public.

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Click ‘Get Form’ to open it in the editor.
Begin by entering the Seller's name, which is the corporation selling the property. Ensure accuracy as this identifies the legal entity involved.
In the next field, specify the purchase amount in dollars. This is crucial for establishing the transaction value.
Fill in the Purchaser's name, who is acquiring the property. If there are multiple purchasers, list them accordingly.
Describe the personal property being sold in detail. Include location and any identifying features to avoid ambiguity.
Complete the date section where the sale is executed, ensuring it reflects when both parties agree to the terms.
The authorized representative of the corporation must sign and print their name along with their title to validate the document.
Finally, ensure a notary public acknowledges the document by filling out their information and signing, which adds legal weight to your Bill of Sale.

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What is a warranty bill of sale?

A warranty bill of sale is a formal document that serves as evidence of the transfer of ownership of personal property from a seller to a buyer. What sets it apart from a conventional bill of sale is its inclusion of warranty terms and assurances regarding the condition of the sold item.

What does warranty sale mean?

Warranties are meant to guarantee the condition of products and services as they are when they are purchased. This means that they typically only apply to products that have not been altered or modified after they were purchased.

Is a warranty deed the same as a bill of sale?

Its important to understand that a Bill of Sale is different from a warranty deed, which is used to transfer ownership of real property like land or buildings. Instead, a Bill of Sale typically pertains to tangible personal property, which can include items like vehicles, furniture, or electronics.

Does South Dakota require a bill of sale?

You can use an online bill of sale form provided by the state of South Dakota or you can draft your own.

What is warranty bill of sale?

The template includes practical guidance, drafting notes, and alternate and optional clauses. A warranty bill of sale is usually used to transfer title to personal property, such as equipment, and includes representations and warranties from the seller that favor the buyer.

What is the purpose of a bill of sale?

The purpose of a bill of sales is to be a record of the transfer of ownership. It clearly states who the owner of the item is after the sale. This will prevent future disputes. It also protects both parties by providing the buyer with a legal document and relieving the seller of liability after the transfer.

Bill of Sale with Warranty for Corporate Seller - South Dakota 2025

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