If you are thinking about purchasing a business from someone, you should be aware of Pennsylvania's Bulk Sale Law. The disposition of an asset occurs when there is a transfer of ownership of, or interest in, a property.THIS ASSET PURCHASE AGREEMENT (this "Agreement"), dated as of September. Many nursing home residents need to "spend down" to qualify for Medicaid because their countable assets exceed their applicable limits. In an asset purchase, only the assets of the business are purchased, not the liabilities. In 2012, the Pennsylvania Department of Public Welfare under the direction of Gov.