![]() It should also record any factors that influenced the selling price, such as the odometer reading of a car, creator of an artwork, or dam and sire of a horse. The document should include identifying details about the item sold, like the VIN number of a car or the serial number of a gun or computer. The state of Minnesota doesn’t require a bill of sale for any transactions, but the document is recognized as an official record of a sale.Ī bill of sale needs to clearly identify the parties involved in a transaction, the item being sold, the selling price, and the date the transaction took place. ![]() Notary Public: A disinterested, trained party who certifies the validity of signatures on a document.Sales Price: The monetary value or dollar amount both parties have agreed to exchange. ![]() Gift: Indicates a seller does not expect any payment for an item.As-Is: Indicates a seller makes no warranties or promises about the condition of an item.Payment: The money or property transferred in exchange for acquiring ownership of a sold item.Buyer(s): The person(s) or the party receiving ownership of an item.Seller(s): The party or person(s) transferring ownership of an item.
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