Bulk Transfer - Law Dictionary Search Results
bulk transfer
Matched in: Term bulk transfer
sale
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
consideration
according to section 6-106 of the Uniform Commercial Code that becomes payable in exchange for the transfer of bulk goods nominal consideration : consideration consisting of a nominal amount past consideration : something that has already been
Keep your definitions linked to case research
buyer in ordinary course of business
the goods is restricted to cash, other property, or credit. The purchase also cannot be a transfer in bulk or serve as security for or satisfaction of a debt. Pawnbrokers are specifically excluded from qualifying as buyers
Buyer-in-ordinary course of business
the goods is restricted to cash, other property, or credit. The purchase also cannot be a transfer in bulk or serve as security for or satisfaction of a debt, Webster's Dictionary of Law, Indian Edn. (2005), p.
Without breaking bulk
Matched in: Term Without breaking bulk
- ‹ Prev
- Next ›
Try the research workspace - 7 days free