0
What else can I help you with?
What exactly constitutes a bill of sale?
A bill of sale is a legal document that records the transfer of ownership of an item from one party to another. It typically includes details such as the item being sold, the sale price, the date of the transaction, and the signatures of both the buyer and the seller.
Is a bill of sale the same as a receipt?
A bill of sale provides evidence of the legal transfer of ownership of goods, while a receipt may be issued for the transfer of money for purchased, leased or rented goods.
Do I need a bill of sale for the title transfer process?
Yes, a bill of sale is typically required for the title transfer process when buying or selling a vehicle. It serves as a legal document that records the transaction details and helps establish ownership of the vehicle.
Is it possible for me to buy a car without filling out any paperwork?
no, paperwork is needed to transfer title of ownership to you as the new legal owner, perhaps you culd try a private sale but in order to register it you would need paperwork, at least a bill of sale.
Is a will the same as a sale deed?
No a will is not a deed. However, a probated will can transfer legal ownership of real property without the need of a deed.No a will is not a deed. However, a probated will can transfer legal ownership of real property without the need of a deed.No a will is not a deed. However, a probated will can transfer legal ownership of real property without the need of a deed.No a will is not a deed. However, a probated will can transfer legal ownership of real property without the need of a deed.
What constitutes the sale and legal transfer of ownership on a vehicle how long does it take and what is DMV's role?
You can sell a car for any reason. There doesn't have to be a reason. The owner signs the title over to the buyer. They buyer then takes the title to the DMV and gets the title into their name. The buyer may have fees or taxes charged to them. They can find out what they will be before buying the car.
What is the difference between deed of sale to deed of absolute sale?
There is no substantial difference between DEED OF SALE and DEED OF ABSOLUTE SALE, except the words that constituted it. Because all sales are absolute whether movable or immovable, unless there is a condition provided in a particular contract, hence, it is another contract also called CONTRACT TO SELL. A CONTRACT TO SELL is substantially different from CONTRACT OF SALE, because the CONTRACT OF SALE is the DEED OF SALE or DEED OF ABSOLUTE SALE itself. The rationale of this CONTRACT OF SALE is that the rights of ownership, including all that is incidental with it are transferred absolutely upon the delivery of the thing sold without any condition; while this CONTRACT TO SELL imposes suspensive condition that is by agreement the title is reserve in the seller until the fulfillment of an obligation, thus, it is also called DEED OF CONDITIONAL SALE. My answer to this query is supported by doctrines of legal authority in the Philippines, no other than the Honorable Supreme Court. In the avalanche of cases decided by the Supreme Court, it consistently declared that; "The distinction between a contract to sell and a contract of sale is quite germane. In a contract of sale, title passes to the vendee upon the delivery of the thing sold; whereas in a contract to sell, by agreement the ownership is reserved in the vendor and is not to pass until the full payment of the price. In a contract of sale, the vendor has lost and cannot recover ownership until and unless the contract is resolved or rescinded; whereas in a contract to sell, title is retained by the vendor until the full payment of the price, such payment being a positive suspensive condition and failure of which is not a breach but an event that prevents the obligation of the vendor to convey title from becoming effective." (San Lorenzo Development Corporation vs. CA, G.R. No. 124242, 200
What is sale perfecta?
"Sale perfecta" refers to a legal concept in contract law, particularly in the context of sales. It denotes a situation where a sales contract is considered complete and binding when the buyer and seller agree on the subject matter and the price, even if the goods have not yet been delivered. This principle emphasizes that the agreement itself constitutes a valid transaction, regardless of the actual transfer of possession. It is often discussed in the context of civil law jurisdictions.
Is the 50 Barrett rifle legal in Ohio?
Yes. .50 BMG rifles are legal in Ohio. The only state which has banned their further sale, transfer, or importation so far is California.
What has the author Gilles Trigano written?
Gilles Trigano has written: 'Transmission et reprise d'entreprises' -- subject(s): Business enterprises, Registration and transfer, Sale of business enterprises
If you owe money to a business and then the business is sold then who do you still owe that money to the original owner or the new owner?
If a business is sold, generally, any debts owed to the original owner transfer to the new owner as part of the sale agreement. You would still be responsible for repaying the debt, but now to the new owner. However, the specific terms can vary based on the sale agreement, so it’s advisable to review any documentation or consult with legal counsel for clarity.
What are the advantages of sole proprietor?
The main advantages of a sole proprietorship are: 1) You have complete control of the decision making of the business, 2) Sale or transfer can only take place at your consent, 3) No corporate tax payments, 4) Minimal legal costs to form a sole proprietorship, and 5) Few formal business requirements.
