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Saturday, 14 December 2019
Agent Resource Center
Agent Resource Center

Question – In the transfer of personal property under $500, the following written instrument must be employed:

Written by Posted On Thursday, 21 November 2019 05:00

(A) Bill of Sale
(B) Chattel real
(C) Deed
(D) None of the above

 

Answer:  (D)  A bill of sale is required only when the value of the personal property conveyed is $500 or more.

Read 1248 times Last modified on Friday, 15 November 2019 12:32
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