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What Is A Bill Of Sale?

A bill of sale is a document used in the transfer of an item's ownership from the person selling it (the Seller) to the person purchasing it (the Buyer). It is a legally binding document, often used in a court of law as proof of an item's ownership. A bill of sale can be as minor as a receipt for a pack of gum or as major as a record of a large, expensive purchase, such a boat or a car.

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