![]() But, all the documents have some details in common: The state recognizes the seller and the buyer as parties to the BOS, and it also recognizes different types of proof of sale documents. For this reason, some states require notarization of the document. Note this: since the document comes to life in official cases like the registration of cars and boats, it must conform to the regulations set in Illinois. ![]() A bill of sale (BOS), therefore, confirms the transfer of title and ownership of the property while serving as evidence of the contract. The document states that a particular person, legally called the seller, sold a specific piece of property to another person, the seller, on a stated date, for a given amount of money or some other valuable property. How Will a Bil of Sale in Illinois Protect Your Interest in Property?Ī bill of sale, a document that has been used for centuries to process the sale of branded animals like horses or used cars, guns and boats, refers to a legal contract that keeps records of sale. We CERTIFY that to the best of our knowledge the odometer reading as stated above is actual mileage in excess of odometer’s mechanical limits. I, _ of _ (the 'Seller'), STATE AND DECLARE that the odometer of the following vehicle (the 'Motor Vehicle') reads as follows: Failure to complete or providing an inaccurate or untruthful statement may result in fines and/or imprisonment. This _, _ in the presence of:įederal and State Law requires that the Seller state the Mileage upon transfer of ownership. GOVERNING LAW: This Bill of Sale will be construed in accordance with and governed by the laws of the State of Illinois. INSPECTION: The Purchaser accepts the Motor Vehicle in its existing condition given that the Purchaser has either inspected the Motor Vehicle or was given the opportunity to inspect the Motor Vehicle but chose to not inspect it. ![]() LIABILITIES: The Seller does not assume, nor does the Seller authorize any other person on the behalf of the Seller to assume, any liability in connection with the sale or delivery of the Motor Vehicle. MANUFACTURER'S WARRANTY: Any disclaimer of warranties by the Seller in this Bill of Sale will not in any way affect the terms of any applicable warranties from the manufacturer of the Motor Vehicle. WORKING ORDER: Any warranty as to the condition or working order of the Motor Vehicle is expressly disclaimed by the Seller. The Seller expressly disclaims any expressed or other implied warranties. The Seller expressly disclaims any implied warranty as to fitness for a particular purpose and any implied warranty as to merchantability. 'AS IS' CONDITION: The Purchaser acknowledges that the Motor Vehicle is sold 'as is'. The Seller also warrants that the Seller has the full right and authority to sell and deliver the Motor Vehicle and that the Seller will defend the title of the Motor Vehicle against any and all claims and demands except the Security Interest. ![]() WARRANTIES: The Seller warrants that the Motor Vehicle is free of any liens and encumbrances except the Security Interest and that the Seller is the legal owner of the Motor Vehicle.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |