February 24, 2024

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purchase agreement

A bill of sale is a legal document made by a ‘seller’ to a purchaser, reporting that on a specific date, at a specific locality, and for a particular sum of money or other “value received”, the seller sold to the purchaser a specific item of personal, or parcel of real, property of which he had lawful possession. It is a written instrument which evidences the transfer of title to personal property from the vendor, seller, to the vendee, buyer. It may take the form of something like the following: For the sum of fifty thousand dollars I hereby sell to Larry Smith full ownership of a green John Deere harvester, serial number DH500-1234567. (Signed) John Doe

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