Bill Of Sale Replace Selected Option For Free

After a vehicle is sold from one private party to another, the buyer can ask for their money back, but the seller generally does not have to agree to cancel the sale, absent a warranty or fraud.

A bill of sale is more akin to a receipt rather than a contract. Since it is such a simple document, there is no way to truly enforce it.If you are making payments via financing, the entire agreement can be considered a bill of sale even though the transfer of the title will not happen until all payments are made.

A bill of sale should, at a minimum, include information identifying the parties to the transaction (the buyer and seller), the total purchase price, and a specific description of the item that was sold.

Although not strictly required, consider bringing a third party with you when the bill of sale is signed. If questions arise about the sale, that person can serve as a reporter of the transaction. Alternatively, you and the other party can notarize your signatures on the document.

Under California Penal Code Section 132, you can be charged with Offering False Evidence if you offer(s) in evidence, as genuine or true, any book, paper, document, record, or other instrument in writing, knowing the same to have been forged or fraudulently altered or ante-dated..

You should not sign anything before you get your money. If the buyer says the buyer would be back later with your money and you sign the title over to the buyer, you likely will never see your money...

When charged as a misdemeanor, you would face up to one year in county jail and/or up to a $1,000 fine. If you are charged with a felony offense, you face up to three years in state prison or a fine of up to $10,000, or both.