To Transfer Ownership of Personal Property, Which Document Should Be

question 55

Multiple Choice

To transfer ownership of personal property, which document should be used?

• A) Bill of sale
• B) Warranty deed
• C) Quitclaim deed
• D) Security agreement

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Definitions:

Conditional Contract

An agreement where the obligations or terms are only to be fulfilled if certain conditions are met.

Condition Concurrent

A situation in a contract wherein the parties involved must perform their respective obligations at the same time.

Washing

Typically refers to cleaning something by immersing and agitating it in water or another liquid.

Conditional Contract

An agreement that becomes enforceable only after certain conditions are met or fulfilled.