THE RADIANT JUSTICE CHAMBERS, OBAFEMI AWOLOWO UNIVERSITY Legal Nuggets⚖️ BILL OF SALE KEY TAKEAWAYS •A bill of sale is a document that details in writing a sale of goods or transfer of property from one party to another. It serves as a legal evidence that full consideration has been provided in a transaction and that the seller has transferred the rights to the assets detailed in the bill of sale to the buyer. • A bill of sale is a legally recognized documented record of a transaction. • A bill of sale may take the form of absolute or conditional depending on the terms therein. • Today, bill of sale is commonly used when transferring title to property from one person to another. FROM THE OFFICE OF THE DIRECTOR OF LITIGATION AND RESEARCH.
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