A Bulk Transfer Prevents Creditors of the Seller of a Business

question 51

True/False

A bulk transfer prevents creditors of the seller of a business from laying claim to the assets the buyer purchases to satisfy the seller's debts.

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Definitions:

Positively Correlated

A relationship between two variables where both variables move in tandem in the same direction.

Same Direction

Refers to variables moving in unison, either increasing or decreasing together.

NASCAR

The National Association for Stock Car Auto Racing, a sanctioning body for multiple auto-racing sports events.

Organic Produce

Refers to fruits, vegetables, grains, and other agricultural products that have been grown without the use of synthetic pesticides, fertilizers, genetically modified organisms (GMOs), sewage sludge, or ionizing radiation.