Legal Question in Business Law in Texas
Bill of Sale Contested
If a purchaser provides a bill of sale and the seller signs it, but the title of the item is never transferred over. Is the seller liable if he decides to not sell the item? What if the item was at no cost, free, so no money was ever traded? Does this cancel out the bill of sale?
Asked on 8/25/07, 2:46 pm
1 Answer from Attorneys
Johm Smith
tom's
Re: Bill of Sale Contested
You don't have a sale if nothing is given in return for the item; that you instead be a gift. You may have a basis for not following through on a gift, but I'd have to know more.
Answered on 8/27/07, 12:23 pm
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