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1. To prevent the defrauding of creditors by the secret sale or disposal or mortgage in bulk of
all or substantially all of a merchant’s stock of goods.
2. To prevent secret or fraudulent sale or mortgage of goods in bulk until the creditor of
the seller shall have been paid in full.
IMPORTANT: The law covers all transactions, whether done in good faith or not, or whether the
seller is in a state of insolvency or not, as long as the transaction falls within the description of what is a “bulk sale.”
all or substantially all of a merchant’s stock of goods.
2. To prevent secret or fraudulent sale or mortgage of goods in bulk until the creditor of
the seller shall have been paid in full.
IMPORTANT: The law covers all transactions, whether done in good faith or not, or whether the
seller is in a state of insolvency or not, as long as the transaction falls within the description of what is a “bulk sale.”
