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Because a bill of sale is a legally binding document, when drafting a bill of sale, it is very important to comply with your states requirements and these requirements can vary by state.
What is the bill of sale representations and warranties?
A representation is a statement of fact that is true to the best of the makers knowledge on the effective date of the representation. For instance, Seller represents that Seller has the authority to transfer this company. A warranty gives the buyer indemnification if the representation is false.
What voids a bill of sale?
If the seller withholds information from the buyer, or misrepresents the value of an item, this may render a bill of sale null and void.
What is the difference between a warranty bill of sale and a bill of sale?
A warranty bill of sale offers protections for the buyer that a simple receipt does not. This kind of bill of sale clearly details what is being sold and gives a guarantee to the buyer about the sellers ownership rights. The bill of sale promises that the buyer holds full and clear title to the item sold.
What is the warranty of sale?
Sales warranties are guarantees that sellers make to people who purchase goods from them. The sales warranty rules apply only to the sale of goods, that is, tangible items. Sales warranties do not apply to sales of services or property.
bill of sale as is no warranty
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While it is common to present a bill of sale in a digital format, you can also create a handwritten bill of sale.
How do I get a bill of sale notarized without the seller?
You might be wondering, can I get a bill of sale notarized without the seller? In some cases, a notary public can notarize one partys bill of sale signature. This might happen if theyre absent but have consented to another individual signing on their behalf.
as is no warranty car sale form
DISCLAIMING WARRANTIES THAT WERE NEVER IMPLIED
by WP Johnson If the sellers standard express warranty is deemed by the buyer to be inadequate, then the seller might agree to negotiate an expanded version of the express
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