Legal-Ease: Facilitating purchases and sales

Buying and selling happens constantly in our society. Normally the purchaser gets some sort of documentation from the seller to prove that the purchaser acquired the item properly. A receipt evidences proper ownership for quite a bit of personal property. But for some items, such as items purchased at an auction or from farm implement dealers, the evidence of ownership is called a “bill of sale.” In real estate, the proof of ownership is called a “deed.”