True or False: Livestock sold at auction must be transferred with a written transfer or written bill of sale.

Prepare for the Texas Auctioneer Licensing Exam. Study with flashcards and multiple choice questions, each question includes hints and explanations. Get ready for your exam!

The statement is true because, in Texas, the sale of livestock at auction requires a written transfer or written bill of sale to formalize the transaction. This documentation serves several purposes: it provides legal evidence of the sale, ensures that the seller has the right to sell the animals, and helps to facilitate the smooth transfer of ownership. Written documentation is not only a safeguard for the buyer but also protects the seller from potential disputes over ownership.

Having a written bill of sale is essential in the livestock industry, as it helps maintain proper records for health and identification purposes. It can also be crucial for tracking the lineage of animals, which is particularly important in breeding and showing contexts. Therefore, having a written transfer is a mandatory practice in ensuring that all parties are legally covered in the transaction.

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