Updated on February 15th, 2021
A New York general bill of sale is a statement of ownership delivered to a buyer after purchasing goods from a seller. This bill of sale is a generic, all-purpose document that may be used in a variety of transactions, but is typically drafted when exchanging items of substantial value (e.g., furniture, pets, art, tools). It demonstrates that ownership of the property has changed hands and that seller has collected payment. Purchases reported in a bill of sale are “as is” transactions and, as a result, the item’s condition is not guaranteed. For this reason, a thorough inspection of the property should be conducted prior to the sale.