Far as Im aware, and here in Indiana, theres no formal certificates of title or other governmenatal agency registration etc, (such as for automobiles) for personal property such as a farm tractor. BUT IF YOUR STATE HAS SUCH, GO BY IT, NOT WHAT I OR ANY LAY PERSON ON HERE CLAIMS!!!!!!!!!!!!
That being said, I would want AT A MINIMUM a signed and written "Bill of Sale" documenting and memorializing such things as: The date and location of sale,,,Seller and Buyer,,,,Sales Price,,,,Receipt and form of payment,,,,,,good description of the item such as Make, Model, Year (if known), and Serial Number, and other relevant information you have access to etc.
Gotta love the Old Wives Tales "Posession is 9/10 of the Law", while in reality thats often quite true. There are laws to protect to some degree a "Buyer in Good Faith" what you will be if (in good faith and FOR VALUE) you rely on the Seller's representations and purchase the tractor. You then, armed with a good faith Bill of Sale and posession, have a good claim of ownership as a "peaceful posessor", which is superior to all those other then any "true owner" who may jump out of the woodwork claiming superior title and can prove the tractor was lawfully his but was stolen from him. If such were the case, the law would award him posession and your action (as a buyer for value and in good faith) would be against the seller who possilby has a similar action against the person he purchased it from...
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