This form is a general form of a bill of sale for personal property (i.e. goods). It should not be used to convey title to real property or title to a motor vehicle.
A North Carolina General Form for Bill of Sale of Personal Property from One Individual to another Individual is a legal document that establishes the transfer of ownership rights of personal property from a seller to a buyer within the state of North Carolina. This form is commonly used for various types of personal property such as vehicles, furniture, electronics, appliances, and other valuable items. It ensures that the sale transaction is properly recorded and can serve as proof of ownership transfer. The North Carolina General Form for Bill of Sale typically includes essential information, such as: 1. Parties involved: The form identifies both the seller (also referred to as the "transferor") and the buyer (also referred to as the "transferee"). Their legal names, addresses, and contact details are usually required. 2. Description of the property: The form must provide a detailed description of the personal property being sold. This includes relevant information such as the make, model, year (if applicable), and any unique identifiers like serial numbers or vehicle identification numbers (VIN's). Additionally, it may include other details like the condition of the property or any included accessories or attachments. 3. Purchase price: The agreed-upon purchase price needs to be clearly stated in the form. This includes the total sale amount, any applicable taxes, and payment terms if necessary. Both parties should mutually agree to the purchase price before signing the document. 4. Date and location: The date and location of the sale should be included. This helps establish when and where the transfer of ownership took place. 5. Seller's disclosure: The seller may choose to include a statement indicating whether the personal property being sold has any outstanding liens, loans, or encumbrances that may affect the buyer's ownership rights. It's essential to note that while the North Carolina General Form for Bill of Sale covers most transactions, there may be specific forms tailored for specific types of personal property. These specialized forms can include the North Carolina Vehicle Bill of Sale, North Carolina Boat Bill of Sale, North Carolina Firearm Bill of Sale, or even forms specific to livestock, machinery, or other categories of personal property. Overall, a North Carolina General Form for Bill of Sale protects the interests of both the buyer and the seller by providing a written record of the transaction and establishing clear ownership transfer. It ensures compliance with North Carolina's legal requirements and serves as valuable documentation for any future disputes or claims.
