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Arkansas Bill of Sale of Personal Property - With Warranty

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Arkansas Bill of Sale of Personal Property - With Warranty Powered By Docstoc
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                             This Bill of Sale is a written acknowledgment of the transfer of ownership of property
                             between a buyer and a seller. It includes a warranty provision whereby the seller warrants
                             to have good and marketable title to sell and transfer the property. The seller further
                             warrants to defend the buyer against any adverse claims to the property. This document in
                             its draft form contains numerous of the standard clauses commonly used in these types of
                             agreements, as well as optional language to allow for customization to ensure the specific
                             terms of the parties� agreement are addressed. This document should be used by
                             individuals located in Arkansas when buying or selling personal property with certain
                             warranties.
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                  BILL OF SALE OF BOAT / VESSEL (WITH WARRANTY)

BE IT KNOWN, that for payment in the sum of ____________ ($____) [Instruction: Insert
the amount], the full receipt of which is acknowledged, the undersigned
___________________________ [Instruction: Insert the name of seller], of
___________________________ [Instruction: Insert the address of seller] (“Seller”) hereby
sells and transfers to ___________________________ [Instruction: Insert the name of buyer],
of _________________________ [Instruction: Insert the address of buyer] (“Buyer”) (the
words "Seller" and "Buyer" to include their respective heirs, successors, and assigns where the
context requires or permits), the following described boat:
[Instruction: Insert a description of the boat, such as the make, model, year, type, hours,
and serial numbers.]
Particulars                                   Description
Make
Model or series
Length
Year
Registration, CF or Document
Serial or Hull ID #:
General Boat Type:


The sale is subject to the following conditions and representations:
a. Seller acknowledges receipt of _________ ($____) in down payment for the boat, full
   payment from Buyer and title transfer to take place within ___________ (___) [◊Fourteen
   (14)] days.
b. Seller allows the Buyer ______________ [◊Four (4)] days to have the boat inspected by an
   independent mechanic, and agrees to cancel the sale if the inspection is reasonably
   unsatisfactory to the Buyer.
c. Seller warrants to Buyer that Seller has good and marketable title to said property, full
   authority to sell and transfer said property, and that said property is sold free of all liens,
   encumbrances, liabilities, and adverse claims of every nature and description whatsoever.
d. Description of Equipment.
   Seller represents that the boat contains the following equipment:
   ___________________________________________________________________________
   ___________________________________________________________________________
   ___________________________________________________________________________
   ___________________________________________________________________________
   ___________________________________________________________________________
   _______________________________________


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   [Instruction: Insert the description of the boat's equipment, such as any deck
   equipment, electronics, navigation equipment, safety equipment, sails and rigging.]
e. Seller represents to Buyer that the boat, engine(s), and equipment are in good condition,
   except for the following defects, if any:
   ___________________________________________________________________________
   ___________________________________________________________________________
   ________________________________________________________
   [Instruction: Insert if there are any major/minor defects in the boat]
f. Additional Terms of Sale.
   Seller and Buyer agree to the following additional terms in conjunction with this bill of sale:
   ___________________________________________________________________________
   ___________________________________________________________________________
   ________________________________________________________
   [Instruction: Insert if there are any additional terms in conjunction that have to be
   included with this bill of sale]

                     Seller:                                              Buyer:



         ________________________                            ________________________
                 Signature                                           Signature




  Printed Name: _______________________              Printed Name: _______________________




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INCLUDING WARRANTIES OF MERCHANTABILITY, NONINFRINGEMENT OF INTELLECTUAL PROPERTY, OR FITNESS FOR
ANY PARTICULAR
				
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Description: This Bill of Sale is a written acknowledgment of the transfer of ownership of property between a buyer and a seller. It includes a warranty provision whereby the seller warrants to have good and marketable title to sell and transfer the property. The seller further warrants to defend the buyer against any adverse claims to the property. This document in its draft form contains numerous of the standard clauses commonly used in these types of agreements, as well as optional language to allow for customization to ensure the specific terms of the parties� agreement are addressed. This document should be used by individuals located in Arkansas when buying or selling personal property with certain warranties.
This document is also part of a package Essential Arkansas Legal Documents 174 Documents Included