Legal Forms Glossary

Bill of Sale (Quitclaim)

A document given by a seller to a buyer stating that on X date, at Y location, for Z amount of money, the seller sold the buyer a piece of property. The bill of sale can be used as evidence of the ownership change. Because this is a "quitclaim" document, the seller is not guaranteeing that it owns the property. In other words, the buyer is buying the property at its own risk.