Is a bill of sale the same as purchase agreement?

+1 vote
asked Nov 14, 2017 in Buying & Selling by Minty (141,820 points)
Is a bill of sale the same as purchase agreement?

1 Answer

0 votes
answered Nov 15, 2017 by Shawn (105,070 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.

109,090 questions

119,728 answers

1,362 comments

7,058,598 users

...