What is one of the responsibilities of the seller when dealing with personal property in a preneed contract?

In the context of a preneed contract, one of the seller's key responsibilities is to deliver the personal property and execute a written declaration of trust. This ensures that the property being sold as part of the preneed arrangement is handled appropriately and legally. A written declaration of trust acts as a legal document that outlines how the property will be managed and held until the specified event occurs, which is usually the time of need for funeral services. This mechanism is crucial as it protects the interests of the consumer by ensuring that their funds and chosen property are secure and will be available at the time of need.

The other options do not encapsulate the fiduciary responsibilities that the seller has in the context of preneed contracts involving personal property. For instance, completing the transaction without record would undermine transparency and accountability, which are vital elements in such agreements. Keeping personal property in escrow is not typically a standard practice within preneed contracts, as the purpose of these contracts is to secure the arrangements long before the services are actually required. Providing a warranty for the property can be important, but it is not a primary responsibility under the preneed contract framework; rather, the emphasis is on the trust and delivery aspect to ensure the consumer's peace of mind