Author Question: What is a bill of sale? What purpose does it serve?[br][br][b][color=#7BCCB5]Question ... (Read 74 times)

itsmyluck

  • Hero Member
  • *****
  • Posts: 546
What is a bill of sale? What purpose does it serve?

Question 2

Punitive damages are generally recoverable in contract actions.
  Indicate whether the statement is true or false



jackie

  • Sr. Member
  • ****
  • Posts: 324
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



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

For a complete list of videos, visit our video library