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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.
In 1956, the United States, Canada, and Mexico came to an agreement with the American Association of Motor Vehicle Administrators, the Automobile Manufacturers Association and the National Safety Council that standardized the size for license plates for vehicles (except those for motorcycles) at 6 inches (15 cm) in height by 12 inches (30 cm) in width, with standardized mounting holes. [2]
The modern excise tax on motor vehicles was established in 2000. The motor vehicle tax assesses a three and one quarter percent tax on the sale price of all vehicles in the State, new and used. Taxes are collected by local motor license agents (or tag agents) under the supervision of the Tax Commission.
Contract for future sale; Denmark. Danish Sale of Goods Act; Germany. Contracts of sale are covered in the Schuldrecht section of the Bürgerliches Gesetzbuch or German Civil Code, sections 241-853. United Kingdom. Sale of Goods Act 1893; Sale of Goods Act 1979; Consumer Rights Act 2015; Bill of sale; Part exchange; Tendering; Implied condition
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The V5 document records who the Registered Keeper of the vehicle is; it does not establish legal ownership of the vehicle. These documents used to be blue on the front. However, they were changed to red in 2010/11 after approximately 2.2 million blank blue V5 documents were stolen, allowing thieves to clone stolen vehicles much more easily. [2] [3]
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