Tennessee Bill of Sale without Warranty by Corporate Seller
About this form
The Bill of Sale without Warranty by Corporate Seller is a legal document that facilitates the transfer of ownership of personal property from a corporate seller to a purchaser. This form, known for its quitclaim conveyance, ensures that the seller does not provide any warranties regarding the propertyâs condition. Unlike other bill of sale forms, this one includes a specific acknowledgment by the corporate seller, making it suitable for corporate transactions.
Form components explained
- Identification of the seller and purchaser, including their roles as corporation and buyer.
- Specific details about the property being sold, including its description and location.
- The consideration amount (purchase price) for the property.
- The sellerâs quitclaim of all interest in the described property.
- Signature section for the corporate seller, including title and date.
- Acknowledgment section for notarization by a notary public.
When to use this form
This form should be used whenever a corporation is selling personal property and does not want to offer any warranties about the condition of that property. It's suitable for transactions where the buyer agrees to accept the property in its current state and is crucial when it is necessary to record the sale for official purposes or potential disputes.
Intended users of this form
- Corporations looking to sell personal property without warranty.
- Purchasers of personal property who agree to accept the property as is.
- Legal representatives involved in corporate transactions.
Completing this form step by step
- Identify the corporate seller and the purchaser stated at the top of the form.
- Clearly state the amount of consideration being exchanged for the property.
- Provide a detailed description of the personal property being sold, including its location.
- Ensure the seller signs the form and includes their title and date of the transaction.
- Complete the acknowledgment section, ensuring a notary public is present during signing.
Does this document require notarization?
This document requires notarization to meet legal standards. US Legal Forms provides secure online notarization powered by Notarize, allowing you to complete the process through a verified video call, available 24/7.
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If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Avoid these common issues
- Failing to provide a detailed description of the property.
- Not properly identifying the corporate sellerâs authorized person.
- Omitting the notary's signature or seal in the acknowledgment section.
- Not reflecting the correct date of the transaction.
Advantages of online completion
- Convenience of being able to download and complete the form at any time.
- Editability allows for quick adjustments before finalizing the document.
- Reliability of having a legal form drafted by licensed attorneys.
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FAQ
A bill of sale does not serve as proof of ownership. Only a title has that legal authority. Bills of sale serve as proof of title transfer, which buyers and sellers need for personal financial and tax records.
Can a bill of sale be handwritten? If your state does not provide a bill of sale form, yes, you can handwrite one yourself. As long as the document includes all of the necessary parts of a bill of sale and is signed by both parties and a notary, it is valid. Some states require a bill of sale while others don't.
You should not sign anything before you get your money. If the buyer says the buyer would be back later with your money and you sign the title over to the buyer, you likely will never see your money...
In simple terms, a bill of sale agreement is nothing more than a contract for the purchase of a vehicle between a buyer and a seller.In most cases, the contract is legally binding between buyer and seller as long as the bill of sale follows guidelines required in the state where the sale or transfer takes place.
Both the buyer and seller should receive copies of the bill of sale form. It's important for the buyer to keep the bill of sale with the title of the vehicle for registration and licensing purposes, if necessary. However, all parties should keep them for their own personal records.
Although the buyer doesn't need to sign a Tennessee bill of sale, both the buyer and the seller should keep copies of the completed document for their records.
In simple terms, a bill of sale agreement is nothing more than a contract for the purchase of a vehicle between a buyer and a seller.In most cases, the contract is legally binding between buyer and seller as long as the bill of sale follows guidelines required in the state where the sale or transfer takes place.
For most private party car sales in Tennessee, the only paperwork that is required is the certificate of title. An exception is if you're selling to a family member, in which case you need a Non-Dealer Transfer Affidavit (form RV-F1301201).
A bill of sale has been defined as a legal document made by the 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 property, or parcel of real property of which he had