How is personal property generally transferred?

The transfer of personal property is typically accomplished through a bill of sale. A bill of sale is a legal document that evidences the transfer of ownership from the seller to the buyer. It serves as proof of the transaction and outlines the details such as the specific items being sold, the sale price, and any terms or conditions pertinent to the transfer.

In contrast, other options focus on methods pertinent to real estate and general transactions. For example, a deed is used for transferring real property, and a title transfer relates specifically to real estate titles, which is not applicable to personal property. Similarly, while contracts are important for facilitating agreements in many types of transactions, they aren’t the direct instrument used specifically for the transfer of personal property itself. Thus, a bill of sale is the recognized and appropriate method for transferring personal property ownership.