New York State Notary Practice Exam

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What document is used to pass the title of personal property from vendor to vendee?

Bill of Sale
Title Deed
Lease Agreement
Purchase Agreement

The correct answer is: Bill of Sale

The document used to pass the title of personal property from vendor to vendee is the Bill of Sale. This instrument serves as a receipt that officially signifies the transfer of ownership from one party to another for personal property, such as vehicles, furniture, or equipment. It provides evidence of the transaction and typically includes details about the items being sold, the terms of sale, and the identities of the parties involved. Other documents listed have different purposes: a Title Deed relates to real property, establishing ownership of land or buildings; a Lease Agreement is a contract that outlines the rental or leasing terms between a landlord and tenant, not transferring ownership; and a Purchase Agreement generally refers to the overall contract for the sale transaction but does not specifically transfer the title of personal property on its own.