Which document is used to transfer ownership of personal property?

Which document is used to transfer ownership of personal property?

• A. Bill of Sale
• B. Deed
• C. Mortgage
• D. Lease

Answer: (A)

Transferring ownership of personal property is shown with a bill of sale. This document records the sale and explicitly passes ownership from the seller to the buyer for movable items like furniture, electronics, or vehicles. A deed, by contrast, transfers real property such as land or a building. A mortgage is a loan secured by property and does not transfer ownership. A lease is a temporary grant of use, not ownership. The bill of sale typically lists who’s selling, who’s buying, a description of the property, the price, and signatures, making clear that ownership has changed hands.

Transferring ownership of personal property is shown with a bill of sale. This document records the sale and explicitly passes ownership from the seller to the buyer for movable items like furniture, electronics, or vehicles. A deed, by contrast, transfers real property such as land or a building. A mortgage is a loan secured by property and does not transfer ownership. A lease is a temporary grant of use, not ownership. The bill of sale typically lists who’s selling, who’s buying, a description of the property, the price, and signatures, making clear that ownership has changed hands.