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bulk sale |
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bulk sale n. the sale of all or a large part of a merchant's stock as well as equipment. This generally applies to retailers, restaurants, and other businesses with inventories. (See: bulk sales acts) How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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A purchaser of stock in a bulk sale who fails to comply with the Ontario Bulk Sales Act, will only be required to account for the proceeds of the sale where the proceeds were not fully distributed to creditors and the creditor seeking relief has received less than it would have had there been full compliance with the Act. |
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