Wake North Carolina Provision in Bulk Sales Agreement Regarding Information to be Supplied by Seller

State:
Multi-State
County:
Wake
Control #:
US-00950BG
Format:
Word; 
Rich Text
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.

How to fill out Wake North Carolina Provision In Bulk Sales Agreement Regarding Information To Be Supplied By Seller?

Preparing legal paperwork can be cumbersome. Besides, if you decide to ask a lawyer to draft a commercial contract, documents for proprietorship transfer, pre-marital agreement, divorce papers, or the Wake Provision in Bulk Sales Agreement Regarding Information to be Supplied by Seller, it may cost you a fortune. So what is the best way to save time and money and draft legitimate documents in total compliance with your state and local laws and regulations? US Legal Forms is a perfect solution, whether you're searching for templates for your personal or business needs.

US Legal Forms is the most extensive online catalog of state-specific legal documents, providing users with the up-to-date and professionally checked forms for any use case collected all in one place. Consequently, if you need the current version of the Wake Provision in Bulk Sales Agreement Regarding Information to be Supplied by Seller, you can easily locate it on our platform. Obtaining the papers requires a minimum of time. Those who already have an account should check their subscription to be valid, log in, and pick the sample using the Download button. If you haven't subscribed yet, here's how you can get the Wake Provision in Bulk Sales Agreement Regarding Information to be Supplied by Seller:

  1. Look through the page and verify there is a sample for your area.
  2. Examine the form description and use the Preview option, if available, to ensure it's the sample you need.
  3. Don't worry if the form doesn't suit your requirements - look for the right one in the header.
  4. Click Buy Now when you find the required sample and choose the best suitable subscription.
  5. Log in or sign up for an account to purchase your subscription.
  6. Make a payment with a credit card or through PayPal.
  7. Opt for the file format for your Wake Provision in Bulk Sales Agreement Regarding Information to be Supplied by Seller and save it.

When done, you can print it out and complete it on paper or upload the template to an online editor for a faster and more convenient fill-out. US Legal Forms allows you to use all the paperwork ever obtained multiple times - you can find your templates in the My Forms tab in your profile. Give it a try now!

Trusted and secure by over 3 million people of the world’s leading companies

Wake North Carolina Provision in Bulk Sales Agreement Regarding Information to be Supplied by Seller