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Bulk Sales Law (Act. No. 3952) Situation 1. Andres is an owner of a business engaged in manufacturing empanada. His assets include 100 pcs of

Bulk Sales Law (Act. No. 3952)

Situation 1. Andres is an owner of a business engaged in manufacturing empanada. His assets include 100 pcs of empanada, 100 thousand worth of ingredients, 200 thousand worth of equipment. Andres decided to sell 100 pcs of empanada and 100 thousand worth of ingredients.

a.Is Andres covered by Bulk Sales Law, why or why not?

b.Suppose Andres is covered by Bulk Sales Law, what must he do in order to legally sell his Assets?

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