Bulk Sale

See also

Bulk Transfer in the American legal Encyclopedia

What does Bulk Sale mean in American Law?

The definition of Bulk Sale in the law of the United States, as defined by the lexicographer Arthur Leff in his legal dictionary is:

Might refer merely to a sale of goods in bulk, but the primary referent is to a sale of all or a major part of the merchandise of a trade or business made other than in the ordinary course of business. Because of the risk that bulk sales might be used to defraud the seller”s creditors, statutes called Bulk Sales Acts were passed in most states to regulate them, notably by requiring timely notice of the sale to be given to creditors. The Bulk Sales Act currently applicable almost everywhere comprises article 6 of the U.C.C.

Concept of Bulk Sale in the context of Real Property

A short definition of Bulk Sale: A transfer in bulk, not in the ordinary course of business, of all or substantially all of the inventory and fixtures of a business.

Concept of Bulk Sale in the context of Real Property

A short definition of Bulk Sale: A transfer in bulk, not in the ordinary course of business, of all or substantially all of the inventory and fixtures of a business.