A Bulk Sale, as Defined by Provincial Statutes, Is a Sale

question 38

Multiple Choice

A bulk sale, as defined by provincial statutes, is a sale

• A) of essentially all the stock- in- trade, fixtures, and chattels of a business.
• B) whose purpose is to deprive creditors of their equitable share in the assets of the company.
• C) of all goods in process and semi- finished inventories.
• D) of such a large portion of the assets that the business will cease to operate.
• E) governed by the federal Bulk Sales Act.

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Definitions:

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The unlawful restraint of a person's freedom of movement without legal justification.

Strict Liability

Legal responsibility for damages or injury even if the person found strictly liable was not at fault or negligent.

Rattlesnake

A venomous snake known for the distinctive rattle at the end of its tail, used as a warning signal.

Dangerous Things

Objects or conditions that present a significant risk of harm to people, property, or the environment.