To prove that there has been a legal sales transaction involving the buying and selling of personal properties, a Mississippi general bill of sale is drawn. This form contains essential details about the property. It also shows that there has been a transfer of title of property from the person selling to the person buying, and is to be approved by authorized persons.A notary public is usually required to witness the signing of the bill of sale and also append his/her signature for it to be considered properly executed.
In order to sell a personal property or item, you must create a Bill of Sale, since, after the sale, the new owner will have to register the item. Without it, you cannot complete the transaction. The Bill of Sale you create when you sell a property will serve as proof that you own it or that you are no longer responsible for it.
On this page, you will find a variety of formats and download options for completing the general bill of sale. We offer PDF and Word versions.
Step one. The first section of paperwork should include the date that the document was drafted. Make sure this date is entered correctly. Following this, the full names of the seller and buyer should be listed. The seller and buyer's addresses should also be listed. Be certain to include both parties' postal addresses.
Step two. Here you can provide all the information and details about your property or item. Serial numbers, dates of manufacture, colors, and brands are some of the details included. Make sure you take note of the details of the product being purchased to avoid being misled.
Step three. You can find all the required financial information for the purchase here. Whenever you provide a dollar amount, include both words and figures. Describe your preferred method of payment here if applicable. Payment can be made in installments, in one lump sum, or later on. There is also the option of exchanging items. Simply pick the box that fits your needs.
Step four. Personal property is typically sold using general bills of sale with no buyer's guarantee. Typically, such bills state that the property is being sold "as is". A successful future agreement will require both parties (buyer and seller) to completely understand this section.
Step five. The last step of the sale is the signing of the bill of sale by both buyer and seller. The sale must be notarized before it becomes legally binding. For your own records, future reference, tax purposes, etc., you should always keep a duplicate of the document.
A motor vehicle bill of sale expressly states the terms and conditions of a vehicle transaction between a purchaser and vendor. The sale document can ...
The business bill of sale - also known as a purchase agreement - documents the sale of an organization and the related property, as well as the transf...
By signing the as-is bill of sale, the buyer is agreeing to purchase the item as it is in its current condition regardless of any defects whatsoever. ...