Final answer:
A Bill of Sale is a legal document used to transfer ownership of personal property from one party to another, not to be confused with real estate transactions or warranty deeds. Therefore the correct answer is 3) used to convey personal property
Step-by-step explanation:
A Bill of Sale is a legal document that acts as a receipt and evidence of the transfer of ownership for personal property from one party to another. It is not the same as a warranty deed, which is typically used in real estate transactions to transfer ownership of real property. Instead, a Bill of Sale is used specifically for personal property, such as vehicles, electronics, or other non-real estate items. Therefore, the correct answer is that a Bill of Sale is used to convey personal property.