What is Bulk Sales Act?
The term refers to a state law that is similar in each state that requires certains actions in the sale of a business. These statutes are intended to prevent a merchant from quietly selling his/her business inventory and disappearing without paying current creditors.B274+B124
Related Contracts Terms
Pass the Bar, Guaranteed
BarPrepHero Premium offers the most complete collection of real bar exam questions licensed directly from NCBE (the organization that writes the exam).