Columbus Ohio Disposición en el Acuerdo de ventas al por mayor con respecto a la información que debe proporcionar el vendedor - Provision in Bulk Sales Agreement Regarding Information to be Supplied by Seller

State:
Multi-State
City:
Columbus
Control #:
US-00950BG
Format:
Word
Instant download

Description

A bulk sale is a sale of goods by a business which engages in selling items out of inventory, often in liquidating or selling a business, and is governed by Article 6 of the Uniform Commercial Code (UCC) which deals with bulk sales. Article 6 has been adopted at least in part in all states. If the parties do not comply with the notification process for a bulk sale, creditors of the seller may obtain a declaration that the sale was invalid against the creditors and the creditors may take possession of the goods or obtain judgment for any proceeds the buyer received from a subsequent sale.

UCC Section 6-104 specifies the duties of the bulk sales buyer, including determining the identity of the seller, and preparation of a list of claimants and a schedule of distribution. These duties are imposed on the buyer in order to give claimants the opportunity to learn of the bulk sale before the seller has been paid and disappeared with the money.

Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.

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Columbus Ohio Disposición en el Acuerdo de ventas al por mayor con respecto a la información que debe proporcionar el vendedor