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General bills of sale are used to record the exchange of any type of personal property, such as cash or trade. When proving ownership, the form is needed more by the new owner. A bill of sale documents the transaction between two (2) parties. This document should not be signed until the transaction has been completed. Regardless of the type of property, it is sold without any warranty.They are generally utilized for the following: Furniture Equipment Pets Tools and appliances
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Generic Bills of Sale are used when a buyer and seller exchange information about the details of the transaction. In addition to serving as proof of ownership, the bill of sale holds both parties accountable to the terms of the sales agreement.
From the buyer's and seller's contact information to the description of the item for sale, to any other terms or warranties, to the signers' signatures and any witnesses' signatures, all of this information will be included in the document.