Puerto Rico Assignment of Personal Property with Reference to Former Bill of Sale

State:
Multi-State
Control #:
US-00637BG
Format:
Word; 
Rich Text
Instant download

Description

An assignment is a transfer of rights that a party has under a contract to another person. Transfer of title can also be made by a Bill of Sale. This document assigns rights in personal property to another by referring to the Bill of Sale by which the assigning party gained title to the personal property.

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FAQ

A bill of sale and a receipt are similar instruments, but a receipt is generally less formal than a bill of sale. A bill of sale, for example, must usually contain a description of the exchanged good(s).

Before you sell or trade your vehicle, you'll need to make sure you have the title to begin with....This can be pretty basic, as long as it includes the following:The make and model of the vehicle.The date of the sale.The sale price.The names and signatures of both the buyer and seller.

A bill of sale, as well as an odometer disclosure statement, are required in the State of Georgia when registering a vehicle under new ownership at the Tax's Commissioner's Tag Office.

The car title notarization in NC doesn't require the presence of both parties. While the seller and the buyer must sign the document, only the seller's signature needs to be notarized.

How to Sign Your Title in North Carolina (NC)Wait to sign until you are before a Notary.Back of the title top right - sign name(s) on the line where it reads "Seller(s) Signature(s)."Back of the title right below where you signed name(s) - print name(s) on the line where it reads "Seller(s) Hand Printed Name(s)."More items...

A car title in North Carolina has to be notarized to be legally valid. The NC law requires the seller to sign the document in front of the notary. If the title is signed previously, the notary will either dismiss it or ask for a new signature.

Sign your name (or names) on the back of the title where it says Seller(s) Signature(s). Print your name (or names) on the back of the title where it says Seller(s) Hand Printed Name(s). For vehicles less than 10 years old, you must include an odometer disclosure statement reflecting the current odometer reading.

According to Georgia law, residents can use a bill of sale to transfer vehicle ownership but may not use it to obtain an original title. Under Georgia law, residents cannot use a bill of sale to obtain a Georgia title unless their vehicles fall within Georgia's titling exceptions.

A Bill of Sale typically includes:The full names and contact information of the buyer and seller.A statement that transfers ownership of the item from the seller to the buyer.A complete description of the item being purchased.A clause indicating the item is sold "as-is"The item's price (including sales tax)More items...

You'll also need the bill of sale to obtain a Georgia title and registration as well as to get a license plate for the vehicle. The Georgia Department of Revenue provides Form T-7 (Bill of Sale) where you can easily fill it out and print it off.

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Puerto Rico Assignment of Personal Property with Reference to Former Bill of Sale