Bulk Sale - Law Dictionary Search Results
Home Dictionary Name: bulk salebulk sale
bulk sale see sale ...
sale
sale 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 compare barter, donation, exchange, gift absolute sale : a sale that takes place without conditions and with title simply passing to the buyer upon payment of the price compare conditional sale in this entry bulk sale : a sale not in the ordinary course of the seller's business of more than half of the seller's inventory called also bulk transfer NOTE: Article 6 of the Uniform Commercial Code governs bulk sales. Under section 6-102(c), in order for a sale to be considered a bulk sale, the buyer (or an auctioneer or liquidator if the sale is an auction) must have been given notice or been able upon reasonable inquiry to have had notice that the seller will not afterward continue to operate the same or a similar kind of business. cash sale : a sale in which payment must be made in cash NOTE: Under U.C.C. section 2-310, payment must be made ...
bulk transfer
bulk transfer : bulk sale at sale ...
bulk
bulk : a large mass in bulk 1 : not divided into parts or packaged in separate units 2 : in large quantities adj 1 : being in bulk [ shipment of wheat] [ foods] 2 : of or relating to materials in bulk [ buyer] ...
Breaking bulk
Breaking bulk, a term formerly used to signify the separation of goods in the hands of a bailee which made him liable for felony. Since the (English) Larceny Act, 1861, this distinction is immaterial, and remains so under the Larceny Act, 1916.The expression 'breaking bulk' is an expression not unknown to legal terminology especially in England. In the Cyclopedic Law Dictionary, 3rd edn. 'breaking bulk' has been stated to mean that for a bailee to open a box or packaging entrusted to his custody and fraudulently appropriate its contents, HMM Ltd. v. Administrator, Bangalore City Corporation, AIR 1990 SC 47: (1989) 4 SCC 640.Larceny by a bailee, esp. a carrier, who opens containers, removes item from them, and converts the items to personal use; Black's Law Dictionary, 7th Edn....
Bulk
Bulk. See LADEN IN BULK. The electric Lighting Act, 1909 (9 Edw. 7, c. 34), provides (s. 4) for the 'supply of electricity in bulk,' which means (s. 25) to supply electricity-(a) to any local authority, company, or person authorized to distribute electricity to be used for the purposes of distribution, or(b) to any local authority authorized by any general or special Act to undertake or contract for the lighting of streets, bridges, or public places, to be used for the purposes of lighting streets, bridges, and public places....
Without breaking bulk
Without breaking bulk, 'without breaking bulk' is not an expression defined in the Act or the rules. It has, therefore, to construed in its literal and ordinary sense to the extent possible, and construed as it is, in our opinion, transferring the product from the drums by breaking seal of the drums to bottles, cannot be said to be 'without breaking bulk, H.M.M. Ltd. v. Administrator, AIR 1990 SC 47 (51): (1989) 4 SCC 640: (1989) Supp 1 SCR 353. [City of Bangalore Municipal Corporation Act, 1969, s. 98(2)]...
Bulk drug
Bulk drug, a bulk drug is one which may be capable of use by itself or as an ingredient in any formulation, Balakrishna Pillai v. Madho Medicals, (1991) 2 SCC 203 (207)....
Bulk
Magnitude of material substance dimensions mass size as an ox or ship of great bulk...
Bulk licensee
Bulk licensee, means a licensee who is authorised by his licence to supply electricity to other licensees for distribution by them, Electricity (Supply) Act, 1948, sec. 2(3)....
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