What Is a Bill of Sale in Tennessee?
Generally, both the seller and the purchaser take part in generating a bill of sale. They should always make sure that the information stated in the document is correct and corresponds to exactly what the parties had agreed on previously between themselves. The seller may be the one filling out the bill of sale form, but it is advised that both parties receive a copy.
In any state, a bill of sale is a straightforward legal document that serves as a receipt of an invoice for a private transaction. These documents may take varying shapes and be composed according to specific templates in each state, but the basic principles of creating them and the main contents are the same across the country.
The Tennessee bill of sale form would incorporate the following details, independently of what item is sold:
- Full names and contact addresses of the parties,
- Their signatures,
- A detailed description of the item,
- The selling date and price.
Tennessee Bill of Sale Types
The Tennessee bill of sale can be generated for various deals. People in Tennessee sell many goods privately, but the most popular transactions involve motor vehicles. Read this section to learn about the types most individuals in Tennessee look for when arranging a private deal.
Tennessee Vehicle Bill of Sale
People buy and sell cars and motorbikes all over America in unthinkable quantities every day. A lot of these sales happen privately because it is really easy to find a well-preserved used car. Recording your private motor vehicle sale with the Tennessee vehicle bill of sale is a sensible thing to do if you have found a perfect used vehicle or if you are selling one.
Tennessee Watercraft Bill of Sale
Tennessee, although a land-locked state, has an extensive river system. More and more people are looking into buying a watercraft here. Similar to motor vehicles, often it is much cheaper to buy a used watercraft. The Tennessee watercraft bill of sale will keep a record of all necessary details of such a sale. Moreover, in Tennessee, it is a requirement when purchasing a boat privately.
Tennessee Firearm Bill of Sale
Finally, for those who need a gun in Tennessee, a firearm bill of sale is a great legal tool to protect both parties’ rights during a private firearm sale. This could be dangerous, considering that the sold item can be harmful, so sellers and buyers should be especially careful when making a private firearm deal and strictly follow the laws.