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What Is a Bill of Sale?

By Kristi WaterworthUpdated Dec 13, 2024 at 10:35 AM

Key Points

  • Bills of sale prove ownership and are essential for items of value like vehicles and crop futures.
  • There are two main types: absolute bills of sale convey outright ownership with no terms.
  • Conditional bills act as security, ensuring full payment as per agreed contract terms.

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