Definition from Nolo’s Plain-English Law Dictionary
A written statement attesting to the transfer (sale) of goods, possessions, or a business to a buyer. It is useful to show that the buyer now has ownership and to detail what was actually purchased. A bill of sale may accompany an agreement that states the agreed-upon terms of sale, including the date of transfer, the price, timing of payment, and other provisions.
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:11 pm