What information must be included in a vehicle's bill of sale?

The correct response outlines the essential components that must be documented within a vehicle's bill of sale. Specifically, the inclusion of the vehicle identification number (VIN), sale price, and signatures from both the buyer and seller is critical for establishing a legal transaction.

The vehicle identification number serves as a unique identifier for the vehicle, helping to prevent fraud and ensuring that the buyer is receiving the correct vehicle. The sale price clearly indicates the amount for which the vehicle is being sold, ensuring both parties are aware of the financial obligations involved in the transaction. Signatures from both parties confirm their agreement to the terms of the sale, solidifying the transaction legally.

While other options may present additional details about the vehicle, they do not encompass the fundamental aspects required for the bill of sale that are recognized in the law. These details, such as color, previous ownership, or dealer information, may be relevant in different contexts but are not mandatory for a valid bill of sale according to the legal requirements for vehicle transactions.