FinancingGovernment_loansMEDIUM
Assume the contract for the sale of real prop- erty includes the sale of certain removable items, such as paintings and furniture. Upon delivery of the deed, the seller also should deliver
Correct Answer
A) a bill of sale.
A bill of sale transfers ownership of personal property (chattels).
Answer Options
A
a bill of sale.B
an estoppel certificate.C
a chattel mortgage.D
a satisfaction piece.Video Explanation3 min
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Related Topics & Key Terms
Related Topics:
property-classificationreal-vs-personal-propertydeed-typesclosing-procedures
Key Terms:
bill of salepersonal property transferchattelsdeed vs bill of saleUCC Article 2
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