What type of property does a bill of sale pertain to?

A bill of sale is a legal document that is used to transfer ownership of personal property from one party to another. Personal property refers to movable items that are not affixed to or associated with real estate. This includes a wide variety of tangible goods such as vehicles, furniture, equipment, and other items that can be owned but are not real estate.

In contrast, real property pertains to land and anything permanently attached to it, such as buildings and structures. Intellectual property relates to creations of the mind, such as inventions, designs, and artistic works. Commercial property generally refers to real estate used for business purposes. None of these other categories would be appropriate for a bill of sale, as it specifically deals with the transfer of personal property. Thus, the correct answer highlights the function and context of the bill of sale within property transactions.