法律英语单词“bulk sales acts”的读音、释义及例句-英汉汉英法律词典

词汇	bulk sales acts
释义	`1`bulk sales acts`2` "LAW.COM Dictionary": n. state laws (spelled out in the Uniform Commercial Code adopted generally throughout the country) which require a seller of the business including his/her inventory to a) publish notice of the sale, b) give written notice to all creditors, and c) set up an escrow of the funds realized from the sale upon which the creditors can make a claim for a brief period of time. These statutes are intended to prevent a merchant from quietly selling his/her business inventory and disappearing without paying current creditors.
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