Which of the following is the formal legal document used to transfer ownership of personal property?

Question

Quizplus · Accepted Answer

A Bill of Sale is the formal document used to transfer ownership of personal property from one party to another. A Warranty Deed is used to transfer ownership of real property, a Mortgage is a security instrument used to provide a lender with a security interest in real property, and a UCC-2 Financing Statement is used to perfect a security interest in personal property.

Which of the Following Is the Formal Legal Document Used