Answer to Question 1
A bill of saleprovides written evidence of one's title to tangible personal property. If a person's title is questioned, such evidence is highly desirable. If an individual buys a stock of merchandise in bulk, livestock, jewelry, furs, or any other relatively expensive items, the buyer should demand a bill of sale from the seller. The bill of sale serves two purposes:
1. If the buyer wishes to resell the goods, and the prospective buyer demands
proof of ownership, the bill of sale can be produced.
2. If any question arises as to whether the buyer came into possession of the
goods legally, the bill of sale is proof.
Answer to Question 2
FALSE
