LSDefine

Simple English definitions for legal terms

bulk sale

Read a random definition: vetus jus

A quick definition of bulk sale:

A bulk sale is when someone sells a lot of things from their business all at once, instead of selling things like they normally do. These things can be physical things like property or things that aren't physical like ideas or good reputation. If someone sells things in the normal way they do business, that's not a bulk sale. For example, if a store sells things to customers, that's not a bulk sale.

A more thorough explanation:

A bulk sale refers to the sale, transfer, or assignment of business assets that are not part of the regular business operations of a person or entity. These assets can include physical property, such as real estate or equipment, as well as intangible assets like intellectual property or goodwill.

It's important to note that a bulk sale is different from a regular sale made within the normal course of business. For example, if a retail store sells products to customers, that is not considered a bulk sale.

When a restaurant owner sells all of their kitchen equipment to another restaurant owner, that would be considered a bulk sale.
If a software company sells their patent rights to another company, that would also be a bulk sale.

These examples illustrate how a bulk sale involves the transfer of assets that are not part of the regular business operations. In both cases, the sale is not something that would happen on a regular basis, but rather a one-time event that involves a significant amount of assets.

building and loan association | bulk sales law

General

General chat about the legal profession.

General >T14 Off Topic

👍 Chat vibe: 0 👎

Dkk

11:12

Lmfao, damn out of messages again. Time to go sit in the hot tub.

EvolBunny

11:12

@BulbasaurNoLikeCardio: honestly fuck these schools

EvolBunny

11:12

The way they act is so cringe and gives mad ick

babycat

11:12

@BulbasaurNoLikeCardio: people are saying this has been a pattern with them

babycat

11:12

imagine being a religious school and not supporting mothers. practice what you preach!

EvolBunny

11:12

Fuck dem hoes

Mostlylegal

11:13

Child bearing people*

Mostlylegal

11:13

i cant spell fuck dont correct me

EvolBunny

11:15

Anywayyyyy, i think today i will withdraw all my apps

EvolBunny

11:15

This lsat is not doing it

babycat

11:15

lol live ur truth

Mostlylegal

11:15

ASU at 154 is damn good

Mostlylegal

11:15

154 scholly

BulbasaurNoLikeCardio

11:15

It is shitty that was a pattern of behavior but I am glad someone is finally standing up for themselves. Like I can be a pretty rigid butthole guy when it comes to getting stuff but a complete lack of empathy or situational awareness shown by the school and their staff is mind blowing. When I was talking about it in the office they all thought I was lying cause it sounds so crazy.

Dkk

11:16

@babycat: ahh link me something. Idk what you are talking about with GTown and mothers and all that.

renard99

11:16

Idk if any of you watch UFC but one time interim heavyweight champ Tom Aspinall won a fight and said on the mic afterwards “if you feel scared to do something, that’s a pretty good sign you should just go fucking do it” and I believe that applies very much to people wondering if they should R&R. Sure you can but why not just see what happens now?

babycat

11:16

School fucked up so bad they got hellwoods to sign a petition

Mostlylegal

11:16

Ive also heard their career center is awful too, I think its why it will never be anything but 14-15

JumpySubsequentDolphin

11:17

@Dkk: i think a law student was pregnant and due to give birth a few days before finals and they refused to accomodate her

babycat

11:17

@Dkk: https://www.reddit.com/r/LawSchool/s/52TFGp7T5k

JumpySubsequentDolphin

11:17

accommodate*

EvolBunny

11:17

@Mostlylegal: yeah and i was thinking fuck it just go party for three years but i got other options and need to start building, top law schools were worth that 3 year pause but i am not sure i can do that for asu and their outcomes

Mostlylegal

11:19

Also I just got diagnosed with ADHD is it stupid if I dont take the test again now that Im medicated?

Dkk

11:19

She offered to take it early? Should have given her that one. Remote I can understand saying no to but taking it early, yes.

babycat

11:20

big things coming for babycat. I own a resistance band now

concorde

11:20

@renard99: jones needs to take this advice and fight aspinall

Mostlylegal

11:21

is that what they are calling punk rock bands these days?

BulbasaurNoLikeCardio

11:21

@babycat: did you get a booboo or just trying to do more workouts at home?

azebra88

11:21

@Mostlylegal: I jumped six points after beginning adhd meds. Might be worth it

Dkk

11:22

Just an hour and 38 minutes left before I can ask Kayle in LSAT Demon to marry me. I take these AMA's seriously.

LSD+ is ad-free, with DMs, discounts, case briefs & more.