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Encyclopedia > Bulk transfer

A bulk transfer, such as is governed by Article Six of the Uniform Commercial Code, usually refers to a series of contracts for transferring the ownership of a business which has a physical inventory of merchandise and fixed capital such as equipment, plumbing, large tools, and so forth. The Uniform Commercial Code (UCC) is one of the uniform acts that has been promulgated in attempts to harmonize the law of sales and other commercial transactions in the fifty state in the United States of America. ... All the textbooks define a contract as either a promise or an agreement that is enfored or recognised by the law. ... In marketing, a product is anything that can be offered to a market that might satisfy a want or need. ...


A properly executed deal will also address the occupancy rights regarding the physical location of the business, and the rights of third parties such as a franchisor.


  Results from FactBites:
 
LawKT.com: Law Firm Publications on Bulk Transfer (294 words)
Fraudulent Transfers Under non-bankruptcy fraudulent transfer law, a creditor may avoid a transaction between the debtor and a third party if the transaction is, on appropriate standards, adverse to the creditor
In a fraudulent conveyance action, the debtor in bankruptcy or trustee seeks to avoid the transaction by recovering the property transferred or the value thereof, subject to certain exceptions for bona fide purchasers.
This uncertainty exists in nonbankruptcy sales such as bulk transfers, receivership and foreclosure/ UCC Article 9 sales as well as in bankruptcy sales under ºº 363 and 1129.
A Bulk Data Transfer Bus (3053 words)
A data transfer API which uses the notion of tiles as its fundamental data type allows each part of the system to describe both the physical aspects of parallel data management, and the computational and user level layouts.
Thus in the Bulk Data Transfer Bus design a virtual object descriptor that represents the result of a computation or retrieval of data is a reception point that can deliver the data to a waiting computation or other data sink (such as a storage or display device).
Data streaming from each drive is simply passed into the bulk data transfer bus where a suitable retiling takes the data streams and tiles them onto the next stage, ideally delivering them directly to the system memory of the individual participants of a parallel computation, in exactly the required layout for computation to proceed.
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