bulk sale

bulk sale
bulk sale see sale

Merriam-Webster’s Dictionary of Law. . 1996.

bulk sale
A transfer or sale of the majority of goods and supplies owned by a business in one transaction; often done as part of the liquidation of a business.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.

bulk sale
The sale of all or most of a business's inventory, merchandise, or equipment. (See also: bulk sales law)
Category: Business, LLCs & Corporations → Business Accounting, Bookkeeping & Finances
Category: Business Cash Flow Problems & Bankruptcy
Category: Business, LLCs & Corporations → Business Tax & Deductions
Category: Business, LLCs & Corporations → Buying or Selling a Business
Category: Personal Finance & Retirement → Taxes → Tax Audits

Nolo’s Plain-English Law Dictionary. . 2009.

bulk sale
n. Any sale of a large quantity of materials, merchandise, supplies, or other inventory that is not in the seller's ordinary course of business. Also called bulk transfer. Regulated by the Uniform Commercial Code that is designed to prevent a seller from making such a sale, and then spending or disappearing with the proceeds without first paying his creditors.

Webster's New World Law Dictionary. . 2000.

bulk sale
   the sale of all or a large part of a merchant's stock as well as equipment. This generally applies to retailers, restaurants, and other businesses with inventories.
   See also: bulk sales acts

Law dictionary. . 2013.

Игры ⚽ Нужно сделать НИР?

Look at other dictionaries:

  • Bulk sale — For food sold by weight in stores, see bulk bins. A bulk sale, sometimes called a bulk transfer, is a sale of goods by a business that represents all or substantially all of its inventory to a single buyer unless such a sale would be common in… …   Wikipedia

  • bulk sale acts — n. Statutes that require a business planning a bulk sale to first notify creditors, designed to protect creditors from secret bulk sales. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008 …   Law dictionary

  • bulk sale — sale of a large quantity of goods to a single buyer; sale of all the property owned by a business …   English contemporary dictionary

  • bulk sale — Literally, any sale of articles, goods, or merchandise in a job lot, without count or measure, but, in legal significance, the sale of all or any portion of a stock of merchandise other than in the ordinary course of trade. 37 Am J2d Fed Conv §… …   Ballentine's law dictionary

  • bulk sale laws —    State laws (modeled on those in the Uniform Commercial Code) that require the seller of a business or a large amount of business assets or inventory to publish notice of the sale, give written notice to all creditors, and set up an account to… …   Business law dictionary

  • bulk transfer — n: bulk sale at sale Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. bulk transfer …   Law dictionary

  • sale — n 1 a: the transfer of title to property from one party to another for a price; also: the contract of such a transaction see also short 1 2 compare barter, donation …   Law dictionary

  • bulk sales law — A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to conduct a bulk sale of business assets that is, get rid of all or most of its… …   Law dictionary

  • bulk — 1 / bəlk/ n: a large mass in bulk 1: not divided into parts or packaged in separate units 2: in large quantities bulk 2 adj 1: being in bulk bulk shipment of wheat …   Law dictionary

  • bulk — Unbroken packages. Merchandise which is neither counted, weighed, nor measured. The aggregate that forms a body or unit. When used in relation to sale of goods by sample, bulk means the whole quantity of goods sold, which is supposed to be fairly …   Black's law dictionary

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”