Bulk sale

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.

Bulk Sale
(n) Bulk Sale is the complete sale or sale of major part of the inventory available with the trader. Bulk sale is made when goods are sold to retailers, restaurants or when clearing of the inventory for any reason
Legal-Explanations.

BULK SALE - A sale of goods by a business which engages in selling items out of inventory (as opposed to manufacturing or service industries) is a 'bulk sale' and requires compliance with (or at least consideration of) the bulk sales law.

bulk sale
n. 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.
bulk transfer
bulk sale ...

bulk sales acts
n. state laws (spelled out in the Uniform Commercial Code adopted generally throughout the country) which require a seller of the business including his/her inventory to a) publish notice of the sale, b) give written notice to all ...

See also: Law, Code, Uniform commercial code, Transfer, Creditor