That In Consideration Of Bill Of Sale Without
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FAQ
Utah Bill of Sale Requirements While drafting a bill of sale is good standard practice for the purchase of many big-ticket items, they are required for the purchase of boats or motor vehicles in the state of Utah. You can use the form the state of Utah provides (Form TC-843), or you can draft your own.
The consideration is the value that the buyer transfers to the seller. Or, simply put and in most cases, the consideration reflects how much (or the dollar amount) the buyer spent to purchase the item. For instance, if the buyer purchases a car for $20,000 from the seller, the consideration is $20,000.
The consideration is the value that the buyer transfers to the seller. Or, simply put and in most cases, the consideration reflects how much (or the dollar amount) the buyer spent to purchase the item. For instance, if the buyer purchases a car for $20,000 from the seller, the consideration is $20,000.
The bill of sale should contain:name and address of the buyer;name, address and signature of the seller;complete vehicle description, including the Vehicle Identification Number (VIN);description of trade-in, if any;purchase price of the vehicle;trade-in allowance, if applicable; and.net purchase price.
You should include the following information in your Bill of Sale:Seller and buyer information.Region and county.Item being sold and its description.Price, sales tax, and form of payment.Loans and liens on the item, if applicable.
