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The sale of an entire inventory is not a bulk sale if it is sold to buyers in a manner that ensures adequate consideration. For example, if a merchant holds an auction sale for the entire contents of the business and the sale is in good faith, the buyer is not required to comply with bulk sales legislation. However, the buyer of a business with ...
The official 2007 edition of the UCC. The Uniform Commercial Code (UCC), first published in 1952, is one of a number of uniform acts that have been established as law with the goal of harmonizing the laws of sales and other commercial transactions across the United States through UCC adoption by all 50 states, the District of Columbia, and the Territories of the United States.
Bulk-sale restrictions — also known as bulk-sale restraints, finished-form limitations and dosage-form limitations — are, as the term is used in United States antitrust case law, clauses in patent licenses that provide that the licensee shall make and sell the licensed product only in "finished pharmaceutical form" or "dosage form" (such as tablets, capsules and vials—the form in which ...
The Texas state sales and use tax rate is 6.25% since 1990, but local taxing jurisdictions (cities, counties, transportation authorities, and special purpose districts - which includes "fire control" and "crime control" taxes levied by a city for those specific purposes only, but specifically not including school districts) may also impose ...
Sale of Goods Acts (with variations) regulate the sale of goods in several legal jurisdictions including Malaysia, New Zealand, the United Kingdom and the common law provinces of Canada. [1] The Bill for an Act with this short title will have been known as a Sale of Goods Bill during its passage through the relevant legislative process.
New York allows for beer sales in supermarkets, delis and gas stations. Liquor and wine can only be bought in liquor stores. But no establishment can serve or sell any alcohol between 4:00 a.m ...
The only substantial exception to the three-tier system is the State of Washington. [4] In November 2011, voters in Washington approved Initiative 1183, which dismantled the state-operated retailing system and removed the legal requirement for a three-tier distribution system for alcoholic beverage sales.
Map showing alcoholic beverage control states in the United States. The 17 control or monopoly states as of November 2019 are: [2]. Alabama – Liquor stores are state-run or on-premises establishments with a special off-premises license, per the provisions of Title 28, Code of Ala. 1975, carried out by the Alabama Alcoholic Beverage Control Board.