Legal Question in Business Law in California
Ca Bulk Sales Law
does a buyer has to comply with the notice requirements of CA bulk sales law if the buyer purchases a travel agency?
Asked on 5/22/07, 4:18 pm
2 Answers from Attorneys
Bryan Whipple
Bryan R. R. Whipple, Attorney at Law
Re: Ca Bulk Sales Law
Probably not. The bulk sales act applies to sellers whose principal business involves the carrying of inventories of merchandise for sale, whether they manufacture it or buy it, and to restaurants. See Commercial Code section 6103. This definition seems to exclude a travel agency.
Answered on 5/22/07, 5:01 pm
Larry Rothman
Larry Rothman & Associates
Re: Ca Bulk Sales Law
The seller should obtain this clearence rather than the buyer as the seller may still be liable for debts. Please contact us if you have any other questions.
Answered on 5/28/07, 12:13 pm
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