Bulk Sales Acts

Bulk Sales Acts
Statutes intended for the protection of creditors of merchants, providing that the sale of all or any portion of a stock of merchandise otherwise than in the ordinary course of trade shall be fraudulent and void against creditors of the seller, unless the seller delivers to the purchaser a list of his creditors and the purchaser in turn notifies such creditors of the proposed sale a stipulated time in advance. Under some statutes, the seller is required to furnish the purchaser with an inventory of the goods in the stock. 37 Am J2d Fed Conv § 238.

Ballentine's law dictionary. . 1998.

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