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Bill of Sale with Warranty for Corporate Seller - New Mexico

Bill of Sale with Warranty for Corporate Seller - New Mexico 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 assurances from the Seller regarding ownership and the right to sell the property, as well as a commitment to defend the sale against any claims. The document requires signatures and notarization to validate the transaction.

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What is the difference between a bill of sale and a warranty 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 makes a bill of sale legitimate?

Your bill of sale shows proof that both buyer and seller had legal intent to transfer ownership of any given item. Because of this, your bill of sale protects both parties involved in the sale from any malicious legal issues.

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.

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

A deed (warranty or otherwise) is written evidence of the transfer of ownership of real estate. A bill of sale is written evidence of the transfer of ownership of a tangible object (i.e., not real estate). The deed that you signed establishes the date of the sale.

What is the bill of sale representations and warranties?

3. Write Up a Bill of Sale Date of purchase. Purchase price. The cars year, make, and model. VIN, or vehicle identification number, which is not the same as the license plate number. Mileage. Name and address of the seller and buyer. Signatures of the seller, buyer, and notary (if needed).

Is a bill of sale required in New Mexico?

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.

Is a bill of sale a legally binding document?

Yes, a bill of sale is generally considered legally binding whether its notarized or not. While notarization adds authenticity and may be required in some jurisdictions, its absence does not invalidate the bill of sales validity.

Bill of Sale with Warranty for Corporate Seller - New Mexico 2025

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