Structure
The Michigan Bill of Sale form serves as a crucial document for individuals engaging in the sale or transfer of personal property within the state. This form provides a written record of the transaction, detailing essential information such as the names and addresses of both the buyer and the seller, a description of the item being sold, and the sale price. It can apply to various types of property, including vehicles, boats, and other personal items. By completing this form, both parties can ensure that the terms of the sale are clear and legally recognized, which helps protect their rights and interests. Additionally, the Bill of Sale can serve as proof of ownership, aiding in the registration of vehicles or other items with state authorities. Understanding the components and importance of the Michigan Bill of Sale form can facilitate smoother transactions and minimize potential disputes in the future.
Form Example
Michigan Bill of Sale
This document serves as proof of a transaction between the seller and the buyer. It is governed by the laws of the State of Michigan. The completion of this document records the transfer of ownership of a personal property from one party to another. In accordance with Michigan state law, it is advised that both parties retain a copy of this document for their records and, if applicable, for the purpose of registration or titling.
Date of Sale: _________________________
Seller's Information
- Name: ___________________________________________
- Address: _________________________________________
- City: ___________________ State: MI Zip: ___________
- Phone: ___________________________________________
Buyer's Information
- Name: ___________________________________________
- Address: _________________________________________
- City: ___________________ State: MI Zip: ___________
- Phone: ___________________________________________
Description of the Property
- Type: ____________________________________________
- Make: ____________________________________________
- Model: ___________________________________________
- Year: ____________________________________________
- Color: ___________________________________________
- Serial Number (if applicable): ____________________
- Additional details: _______________________________
Sale Details
- Sale Price: $______________________________________
- Payment Method: ___________________________________
- Other Conditions of Sale: __________________________
By signing this document, the Seller confirms the sale of the above-described property to the Buyer, and that the information provided is accurate to the best of their knowledge. The Seller also confirms that the property is sold as-is, with no guarantees or warranties, unless otherwise specified herein.
Seller's Signature: _____________________________ Date: _______________
Buyer's Signature: _____________________________ Date: _______________
This document does not necessarily provide legal proof of ownership. It is the buyer's responsibility to ensure proper registration of the item, if applicable, as per Michigan state requirements.
Document Properties
| Fact Name | Description |
|---|---|
| Purpose | The Michigan Bill of Sale form is used to document the sale of personal property, ensuring that both the buyer and seller have a record of the transaction. |
| Governing Law | This form is governed by Michigan's Uniform Commercial Code (UCC), specifically MCL 440.2101 et seq. |
| Required Information | Essential details include the names and addresses of the buyer and seller, a description of the property, the sale price, and the date of the transaction. |
| Signatures | Both parties must sign the Bill of Sale to validate the transaction. Witnesses or notarization may be required for certain types of sales. |
Popular Michigan Templates
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