For example, if a payment fails to transfer, the seller might be left without the item and without any payment.Ī bill of sale provides legal proof that the transaction took place. The seller also has minimal recourse against the buyer. Private sellers are not subject to the same consumer protection laws as dealers and retailers. If you buy or sell a horse in California, you will need to draft your own bill of sale. California does not provide an official Bill of Sale for livestock.
In-person signatures are always valid, but you can also use PandaDoc to obtain a legal digital signature.Īlthough completing a bill of sale is a smart decision when buying or selling many high-value items, California only requires them in two situations:
As-is: Indicates that the item was sold as-is and without any warranties.Description: A description of the property being sold, including make, model, year, and VIN.Sales tax: Indicates whether or not sales tax was collected.Price: The price paid for the property.Date of sale: The date that the sale took place.Buyers: The person or party that is taking possession of the property in exchange for consideration.
Seller: The person or party that is releasing the property.