Why should the buyer rather than the seller have to notify creditors in a bulk sale?
Question:
Why should the buyer rather than the seller have to notify creditors in a bulk sale?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 33% (6 reviews)
The bulk transfer law is a legislation designed to safeguard commercial creditors If a business buye...View the full answer
Answered By
Reuben Matanoh
I have been teaching students for more than three years, and recorded high [performances in my subjects. I love my job as a tutor, and I love to see my students excel in the subjects that I teach. Hire me for consistent quality work and guaranteed academic excellence.
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Why is it important that Calmarc maintain a good buyer-seller relationship with B&B? What does Calmarc get out of it and what's in it for B&B?
-
Why might unsecured creditors favor reorganizing an insolvent company rather than forcing it into liquidation?
-
Why do creditors usually accept a plan for financial rehabilitation rather than demand liquidation of the business? Discuss.
-
Which one of the following is NOT an example of cash flows in operating activities according to direct method? Select one: a. Cash payment for purchase of inventories b. Cash received from debtors c....
-
A company's total sales (in millions of dollars) t months from now are given by 5(t) = 0.015t4 + 0.4t3 + 3.4t2 + 10t - 3 (A) Find S'(t). (B) Find 5(4) and 5'(4) (to two decimal places). Write a brief...
-
GMM Inc. has a beta of 1.2. The market risk premium is currently 7%, and the return on treasury bills is 4%. What is the best estimate of GMM's cost of equity?
-
Depending on the availability of parts, a company can manufacture 3, 4, 5, or 6 units of a certain item per week with corresponding probabilities of 0.10,0.40, 0.30, and 0.20. The probabilities that...
-
What was the net impact on Stone Companys 2021 income as a result of this fair value hedge of a firm commitment and export sale? a. $0. b. $1,300 decrease in income c. $78,000 increase in income d....
-
What are the key components of a knowledge management framework designed to facilitate tacit knowledge transfer within a complex organizational ecosystem ?
-
Christine?s Chronographs makes two models of a high-end watch?the model 94 and the model 101. Both models go through a special polishing step that requires the use of the single polishing machine at...
-
What are the advantages and disadvantages to allowing ownership to be transferred by the passage of documents of title?
-
Why should the courts give priority to the actual sales contract when determining when the ownership of goods passes from seller to buyer?
-
Consider the project balance profiles for proposed investment projects in Table P5.31. Project balance figures are rounded to the nearest dollar. (a) Compute the net present worth of each investment....
-
A synthesizer is a keyboard instrument that can be made to sound like a flute, a trumpet, a piano-or any other musical instrument. Pressing a key sets the fundamental frequency of the note that is...
-
Another way to sort the droplets would be to give each droplet the same charge, then vary the electric field between the deflection plates. For the apparatus as sketched, this technique will not work...
-
The distance between the objective and eyepiece of a telescope is \(55 \mathrm{~cm}\). The focal length of the eyepiece is \(5.0 \mathrm{~cm}\). What is the angular magnification of this telescope?...
-
A 1.0-cm-diameter microscope objective has a focal length of \(2.8 \mathrm{~mm}\). \(\mathrm{t}\) is used in visible light with a wavelength of \(550 \mathrm{~nm}\). a. What is the objective's...
-
A ray of red light, for which \(n=1.54\), and a ray of violet light, for which \(n=1.59\), travel through a piece of glass. They meet right at the boundary between the glass and the air, and emerge...
-
Google recently had a debt to equity ratio of 0.04 .Microsoft , one of its let competitors a debt to ratio of 0.15 .From a banks point of view which of the company in es is more attractive loan...
-
Find i 0 (t) for t > 0 in the circuit in Fig. 16.72 . 2 + Vo 1 7.5e-2t u(t) V ( +) 4.5[1 u(t)]V 0.5v. 1H
-
Describe the technical and organizational obstacles to e-commerce growth in India.
-
How do these factors hamper companies from doing business in India or setting up Indian e-commerce sites?
-
Will non-Indian companies like Amazon.com and eBay flourish in India? Explain.
-
The highest WACC is 11%, the baseline WACC is 7.4% and lowest WACCS is 2.8%. To derive a WACC that better accounts for extreme scenarios, you decide to assign the following probability weights: High-...
-
Give 2 examples of the ff: Statutory law Regulatory law Common law Include the title of each example and explain why you chose these examples ( 1 to 2 sentences ) . Note: Write your reference ( s )
-
The Adams family includes a financially well-informed couple, both aged 36, and two children aged 4 and 6. The family is financially sound but suffered badly during the tech meltdown in 2000. The...
Study smarter with the SolutionInn App