
                HOW TO UTILIZE THE BILL OF SALE (SAMPLE1.txt)

STEP 1: Print out this text to refer to while completing the Bill of Sale.

STEP 2: Load the SAMPLE1.txt file, then print a copy of it for later reference
(press F5 to print).

STEP 3: With SAMPLE1.txt still on the screen, save the file with a new
filename by pressing "Ctrl", "K" then "N" and entering a new filename. The new
filename should appear at the top of the screen. You will edit the newly-named
file, not the original. (This protects the original file from being corrupted
or from being accidentally deleted during the editing process.)

STEP 4: You may choose to fill the form out on screen or print it out for
completion by hand (necessary if you plan to take the Bill of Sale to some
location without a computer).

To ready the form for either method of completion, you must delete the
explanatory paragraph (including the Page Break "L" character) at the top of
the Bill of Sale, then delete the numbers and their surrounding parentheses
throughout the text. These items should not appear on your completed Bill of
Sale. If you plan to complete the form on disk, you should also delete the
underlined sections except where the underlined sections are to be used for
signatures. If you plan to fill the form out by hand, leave the "blanks."

STEP 5: Complete the Bill of Sale as outlined below.


                         BILL OF SALE EXPLANATORY TEXT

The following numbered sections correspond to numbered blanks in the
basic Bill of Sale provided on this disk (SAMPLE1.txt). Read each
section carefully before completing the form. We recommend that you print
this document for easy reference while completing the form.

(1) - Type or write "Sale of Personal Property" (in Louisiana this should be
"Sale of Movables") in this blank. This is the basic title of the act and shows
the general intent of this document. This sample Bill of Sale was created
specifically for personal property and should not be used for real estate or
other titled transactions (cars, boats, etc.).

(2) - Type or write the complete name of the Vendor (seller). It is wise to
always use as complete and as descriptive of a name as possible. If a person
uses initials, it can be helpful to so indicate by putting "(NONOI)" after the
initials to indicate that there are "no other names or initials." For example,
"J.R. (NONOI) Ewing," if the "J" and "R" do not stand for any other names.

(3) - Type or write the name of the state where the sale is taking place. This
may be a state other than the state(s) where the Vender (seller) and Vendee
(buyer) reside.

(4) - Type or write the complete name of the Vendee (buyer). See (2) for more
on using complete names.

(5) - Type or write the name of the County (in Louisiana use "Parish") where
the act (Bill of Sale) is executed.

(6-8) - Type or write the Day, Month, and Year when the act (Bill of Sale) is
executed.

(9) - Type or write the name of the Notary Public used where the act is
executed. A Notary is not always necessary, but one is generally recommended
since an act before a Notary Public meets more stringent form requirements and
keeps the persons who signed the act from being able to deny their signatures.
You should always check the formal requrements of the state you are in to see
if a Notary is required for a particular transaction.

(10-12) - Type or write the County (or Parish in Louisiana), City and State
where the Notary Public is commissioned to act.

(13) - Type or write the complete name and address of the Vendee (buyer). This
can be very helpful in the event that the Vendor (seller) needs to have a ready
reference of where the item was purchased in case some question arises at a
later date.

(14) - Type or write the name and address of the Vendee (buyer). This can be
helpful in the event that the Vendor (seller) needs to contact the Vendee for
some reason--such as a recall notice received from the manufacturer of the
item.

(15) - Type or write the exact location of the personal property (referred to
as movables in Louisiana). This is particularly necessary when dealing with a
large item that might be left in the location where it is purchased so that the
item can easily be identified. This can be particularly important in financing
situations. If the item is part of equipment used in a business which is being
sold, care should be taken that special laws regarding sales of the assets of a
business are being observed (for example, Bulk Sales Laws).

(16) - Type or write a complete description of the personal property being
sold. The considerations are similar to those for the location. The more
detailed the description is, the better the Bill of Sale. If an item has a
serial number, then you should include it. Also, include any identifying model
name or number, a description and even the color. Don't be afraid of being too
descriptive.

(17) Type or write the purchase price here. This sample Bill of Sale assumes a
cash consideration. The cash price should be set out exactly. If there is any
other consideration for the sale (for example an exchange or property), that
should be set out as well. If part of the consideration is being loaned, a
promissory note and some other loan documentation may be in order. This will be
discussed in more depth in the future when other legal forms are provided.

(18) - Type or write the number of originals (signed copies of the Bill of
Sale), such as "in duplicate original" or "in triplicate original." Though this
section can be eliminated in many situations, it may be helpful to have
multiple originals so that all parties to the act can have an original as
evidence if a dispute arises.

(19) - Type or write the location in which the document is executed. This
should include the City, State and County (or Parish in Louisiana).

(20) - The witnesses will sign here. It is always a good practice to print or
type the names of the parties and the witnesses, as well as the notary, beneath
the line where they sign (signatures can be difficult to read). NOTE: Different
states have different formal requirements about the number of witnesses
necessary for a valid act. This is particularly true if one or more of the
parties are blind or illerate. Check your state's laws to make sure. In most
situations, a notary and two witnesses will meet the most stringent standards.
