This bill of sale states that the parties have agreed to sell the aircraft without any warranty as to its quality. This means that the seller is not offering any guarantees to the buyer regarding the condition of the vehicle, and should not be considered responsible should it require repairs of any kind.
This bill of sale is designed to protect both the buyer and the seller of an aircraft. It creates a precise record of the sale and clearly states the terms that the parties have agreed to. It describes the aircraft unambiguously, states the sale price and identifies the buyer and seller.
This bill of sale can be used in all states, although local laws may require specific signing formalities.