Is a bill of sale the same as purchase agreement?

+1 vote
asked Nov 14, 2017 in Buying & Selling by Minty (132,850 points)
Is a bill of sale the same as purchase agreement?

1 Answer

0 votes
answered Nov 15, 2017 by Shawn (99,990 points)
A bill of sale and a purchase agreement are different things.

A bill of sale is used to legally transfer ownership of something such as a car, boat etc from one person to another.

A purchase agreement is a document that holds someone liable to purchase said object or item in the future.

101,546 questions

97,142 answers

1,291 comments

7,003,780 users

...