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Can you help me understand what is the logic behind these statements under the topic of the bulk sales law? Effect on Violation of the
Can you help me understand what is the logic behind these statements under the topic of the bulk sales law?
Effect on Violation of the Law
A.The Sale is Void. The sale is considered void based on this law even if it is a sale in fraud of creditors which is, as a general rule, categorized as a rescissible contract.
B.The buyer shall be liable for goods sold to innocent purchasers for value.
C.The buyer can require the seller to return the amount paid by him.
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