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Maine Bill of Sale with Warranty for Corporate Seller

Maine Bill of Sale with Warranty for Corporate Seller

Name: Maine Bill of Sale with Warranty for Corporate Seller
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.75 (281 reviews)

Category:

Maine Bills of Sale - General - Warranty

State:

Maine

Control #:

ME-BILLSALE2

Format:

Instant download

Description

This Bill of Sale with Warranty for Corporate Seller is a Bill of Sale with an appropriate state specific Acknowledgment by Corporate Seller.This is a Warranty Conveyance as opposed to a Quitclaim Conveyance. This form complies with all applicable state statutory laws.

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How to fill out Maine Bill Of Sale With Warranty For Corporate Seller?

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FAQ

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.

The date of the sale. A description of the car, including its: Year, make and model. The selling price of the car. If the car is a gift or partial gift, you should still create a bill of sale. Warranty information. The full names, addresses and signatures of the buyer and seller.

A bill of sale is a legal document that records the transfer of ownership of an asset to a second party in exchange for money.The bill of sale, as a rule, is drafted by the seller and includes the details of the transaction. It protects both the buyer and the seller, should disagreements arise in the future.

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.

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 seller's ownership rights. The bill of sale promises that the buyer holds full and clear title to the item sold.

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.

Name and address of the seller. Name and address of the buyer. Vehicle description, including Vehicle Identification Number (VIN), make, model, year. Amount of sale.

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

Maine Bill of Sale with Warranty for Corporate Seller

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Who keeps bill of sale buyer or seller?

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How does Bill of Sale protect seller?

Does a Bill of Sale prove ownership?

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