What type of document serves as written evidence of title to tangible personal property?

Prepare for the Conference National Board – Arts Exam with flashcards and multiple choice questions. Each question includes reliable explanations. Gear up to ace your exam!

A bill of sale serves as written evidence of title to tangible personal property by providing a legal document that outlines the details of the transaction, including the parties involved, the description of the item being sold, and the agreed-upon sale price. This document is crucial in transferring ownership from the seller to the buyer, thereby granting the buyer legitimate rights to the property.

In contrast, a bill of lading primarily relates to the transportation of goods and does not represent ownership. A contract agreement, while it may outline the terms of a sale or transfer, does not specifically serve as evidence of transfer of ownership like a bill of sale does. A property deed is typically associated with real property (land and buildings) rather than tangible personal property. Therefore, the bill of sale is the most appropriate document for evidencing ownership of tangible personal property.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy