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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 ...
Bulk purchasing or mass buying is the purchase of much larger quantities than the usual, for a unit price that is lower than the usual. Wholesaling is selling goods in large quantities at a low unit price to retail merchants.
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 sales tax will be charged when gift cards are used as a method of payment for taxable goods or services. There was a proposal in New York State to impose a sales tax when a gift card is purchased instead of imposing it when the card is used, but it failed. [10] Most states also exempt bulk sales, such as sales of an entire business.
Where goods are sold or supplied by reference to a sample, relevant sale of goods legislation may dictate the supplier's legal obligations in ensuring that the bulk of the goods corresponds with the goods comprising the sample, for example in the UK, the Sale of Goods Act 1979, section 15, [8] the Supply of Goods and Services Act 1982, section ...
Breakbulk continues to hold an advantage in areas where port development has not kept pace with shipping technology; break-bulk shipping requires relatively minimal shore facilities—a wharf for the ship to tie to, dock workers to assist in unloading, warehouses to store materials for later reloading onto other forms of transport.