Which of the following is a criterion for a bulk transfer?
A)The seller must give the buyer a signed,sworn list of existing creditors.
B)The buyer and the seller must prepare a list of the property included in the sale.
C)The buyer must give notice of the sale to each creditor at least ten days before he takes possession of the goods or pays for them.
D)All of the above

Question

Quizplus · Accepted Answer

All of the choices given are criteria for a bulk transfer. The seller must provide the buyer with a signed, sworn list of existing creditors to ensure that the buyer is aware of any outstanding debts related to the transferred property. The buyer and seller must prepare a list of the property included in the sale to ensure that both parties are aware of what is being transferred. Finally, the buyer must give notice of the sale to each creditor at least ten days before taking possession of the goods or paying for them to protect against the possibility of the seller transferring property to avoid paying outstanding debts.

Which of the Following Is a Criterion for a Bulk