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After a vehicle is sold from one private party to another, the buyer can ask for their money back, but the seller generally does not have to agree to cancel the sale, absent a warranty or fraud.

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.

Most jurisdictions do not require that a Bill of Sale contain witness signatures, but having one or two witnesses when the Bill of Sale is signed is better evidence that the parties entered into the Bill of Sale if the matter goes to litigation.

It is important to make sure all the requirements for the respected state law are included in the bill of sale. As, with any legal written document a bill of sale can be handwritten. A bill of sale can be handwritten as long as it includes the information listed above.

The consideration is the value that the Purchaser transfers to the Seller in exchange for the goods being sold to the Purchaser. In most sales transactions, the consideration takes the form of money.The Price is the total monetary value that the parties have agreed the goods being sold are worth.

A bill of sale is a document that verifies your purchase, and therefore your ownership of, a valuable asset such as a car, a TV or other large item. You can also write out your own bill of sale. When writing a bill of sale, be sure to include: The seller's name and address.

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.