Which of the following best describes a bill of sale?

A bill of sale is best described as an instrument evidencing a transfer of personal property. It serves as a legal document that signifies the transfer of ownership of personal property from one party to another. Typically, a bill of sale includes details such as the identity of the buyer and seller, a description of the property being sold, and the terms of the sale, including price and payment methods. By documenting this transaction, a bill of sale provides proof of ownership and can serve as evidence in case of disputes regarding the property in the future. This is particularly important in transactions involving vehicles, equipment, or other personal items to establish a clear record of ownership.