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The conditional bill of sale refers to any assignment or transfer of personal chattels to a person by way of security for the payment of money. The conditional bill of sale creates a security in favour of the grantee of the bill whereby the grantee is given personal right of seizure giving right to a security interest of a possessory nature.
This is a deed "for which the grantor implies to have or have had an interest in the property but offers no warranties of title to the grantee." [2] Under common law, this type of deed technically created a use in the buyer who then gets the title. [3] Under the statute of uses, modern real property law disregards this subtle distinction.
A "written warranty" (also called an express warranty) is any written promise made in connection with the sale of a consumer product by a supplier to a consumer that relates to the material and/or workmanship and that affirms that the product is defect-free or will meet a certain standard of performance over a specified time.
Some automobile dealers try to include VIN etching as an extra service to boost their profit margin when selling a vehicle; [16] [17] they may even pre-print a charge for VIN etching on the bill of sale, as if to suggest that VIN etching is mandatory rather than an optional, add-on service.
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Contrary to wide belief by conveyancers, [84] there is no requirement for ejection to enforce a warranty found in the Missives of Sale. [85] Judicial Eviction in the Scots law definition, deriving from Roman law , is not the laymen sense of the word eviction , whereby a tenant is removed from the property of the landlord.
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