Which document is necessary for selling personal property?

A Bill of Sale is the document that serves as a legal record of the transfer of ownership of personal property from one party to another. It acts as proof that a sale has taken place and typically outlines the specifics of the transaction, including the description of the item, the purchase price, and the names of the buyer and seller. This is essential for protecting both parties involved in the transaction, as it provides evidence of the agreement and can prevent disputes in the future regarding ownership.

While the other options can play important roles in transactions involving property, they do not specifically pertain to the sale of personal property in the same way a Bill of Sale does. The Title of Ownership is generally related to real property or vehicles, indicating legal ownership but does not document the transaction itself. The Contract of Sale is broader and more complex, often used for larger transactions or when specific terms need to be detailed, but it is not typically necessary for straightforward sales of personal property. A Deed of Trust is a legal document used primarily in real estate transactions to secure a loan, and it does not apply to personal property sales.