The Bulk Sales Acts in Place in Some Provinces Are

question 58

Multiple Choice

The bulk sales acts in place in some provinces are designed to do which of the following?

• A) To set minimum statutory standards for goods sold by description in large, unpackaged quantities
• B) To provide relief to commercial purchasers when a ship's cargo is destroyed
• C) To enable commercial debtors to sell their products at a reduced price in order to pay back their creditors in a more timely way
• D) To give priority to creditors who are owed money in respect of inventory sold to the debtor within the last 30 days
• E) To prevent merchants from selling all or almost all of their business's assets before a creditor can take action to stop them

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