Automobile bill of sale - Information

An Automobile bill of sale is a legal paper made by a 'seller' to a patron, describing that on a specific day, at a specific vicinity, and for a specific total of cash or other "value accepted", the vendor traded to the buyer a specific item of private, or share of real, holding of which he had statutory ownership. It's a scripted instrumentate which demonstrates the transferral of title to personal holding from the vendor, seller, to the vendee, buyer.

It may take the shape of something like the following - For the total of one thousand bucks I convey to Major Sinhoi full ownership of a BMW 3221, serial number JDES-932.

An Automobile bill of sale has been outlined as a legal paper made by the vendor to a purchaser, describing that on a specific day at a specific vicinity and for a selected total of money or other worth accepted, the vendor traded to the patron a specific item of personal holding, or share of real holding of which he had statutory ownership .

The Black's Law Dictionary on its part defines an Automobile bill of sale as an instrumentate for the transferral of title to personal holding, totally or by means of security. According to Omotola the Automobile bill of sale is a shape of legal mortgage of movables. Bullen and Leake and Jacobs define an Automobile bill of sale as a paper transferring an exclusive stake in personal movables from one individual to other, without ownership being delivered to the grantee.

In essence, an Automobile bill of sale is a scripted instrumentate recording the freewill transferral of a right or stake or title to personal holding, either by means of security or totally, from one mortal to other without the physical ownership of the holding leaving the proprietor and being brought to the other party.

It is clear from the definitions above the bills of sale are basically of 2 types : The absolute Automobile bill of sale and the conditional Automobile bill of sale.

Absolute Automobile bill of sale does not symbolise any shape of security whatsoever and is simply a paper certifying grants, changes and other assurances of personal movables, which are significantly only simple contracts of sale of products addressed by the common law of contract and the sale of Goods Law.


The conditional refers to any grant or transferral of personal movables to a mortal by means of security for the requital of money. The conditional Automobile bill of sale creates a security in favour of the grantee of the bill whereby the grantee is security stake of seizure giving right to a security stake of a possessory nature.

It should be observed that there are other forms of security over goods such as a pledge and contractual lien which also only give right to a security stake of a possessory nature. A fine of a conditional Automobile bill of sale is where a creditor gives a loan and has transferred to himself, as collateral or security for the loan, the title of the products or other personal holding of the debitor. The physical products or other holding however remains with the debitor.