Essay
Answer the following:
a. What is a bulk transfer, and under what part of the Code is it governed?
b. Identify the central purpose of bulk sales law.
Section 6102 of Article 6 of the UCC defines a bulk transfer as "any transfer in
Correct Answer:
Verified
a. bulk and not in the ordinary course of the transferor's business of a major part of
the materials, supplies, merchandise or other inventory." Article 6 and Revised
Article 6 of the Code apply to bulk tr...View Answer
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Correct Answer:
Verified
a. bulk and not in the ordinary course of the transferor's business of a major part of
the materials, supplies, merchandise or other inventory." Article 6 and Revised
Article 6 of the Code apply to bulk tr...
the materials, supplies, merchandise or other inventory." Article 6 and Revised
Article 6 of the Code apply to bulk tr...
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
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