Bill of Sale Without Warranty by Corporate Seller Rhode Island Form
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People also ask
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What is a bill of sale with no warranty clause?
An “as is” bill of sale form, also known as a quitclaim or no-warranty bill of sale, is like a detailed receipt — but with a special caveat. It doesn't make any promises about item performance or guarantee a property (like a boat or plane), and it doesn't have any claims against it.
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What paperwork do I need to sell my car privately in Rhode Island?
Every state is different, but in Rhode Island, you will need to have the vehicle's title and the bill of sale. The title needs to get transferred to the person you are selling to if the car, truck, or SUV is 2001 or newer. You also need to have you and the buyer sign the back of the car title after listing its mileage.
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What is the as-is clause for bill of sale?
An as-is bill of sale is a transaction in which a buyer is purchasing an item in its present condition with all faults, visible or not. No warranty or guarantee is made by the seller. After the transaction is complete and the bill of sale is signed, ownership and title transfer immediately to the buyer.
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How do you write a sold as is receipt?
Clearly and explicitly state that the item is being sold in its current condition, "as-is," without any warranties or guarantees of any kind. Use precise language to emphasize that the buyer is accepting the item with all faults and defects.
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What is the meaning of no warranty clause?
A disclaimer of warranty is an assurance that the seller accepts no responsibility for the quality or performance of a product beyond certain conditions. It states that the seller makes no warranties express or implied regarding a product's fitness for normal use.
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What is a bill of sale without warranty NC?
An as-is bill of sale means the buyer agrees to purchase the item in its current condition, regardless of what that condition is. The buyer agrees to accept the item with any known or potentially unknown defects in the property. The seller does not warranty or guarantee anything about the item when selling it.
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Does Rhode Island require a bill of sale?
Rhode Island requires a bill of sale to be filled out by the buyer and the seller for private vehicle purchases. However, the Rhode Island DMV does not have an official bill of sale form. You can use a generic bill of sale form from a source like .
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What is sold as is with no warranty implied?
The term “as-is” is regularly used in a purchase and sale agreement to indicate that the seller makes no warranties or representations about the property's condition. It is intended to relieve the seller from liability for failing to disclose a material defect in the property that is not known to the buyer.
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