[Download] "Coastal Oil New England v. Citizens Fuels" by Appeals Court of Massachusetts ~ eBook PDF Kindle ePub Free

June 03, 2021

eBook details

Title: Coastal Oil New England v. Citizens Fuels
Author : Appeals Court of Massachusetts
Release Date : January 06, 1995
Genre: Law,Books,Professional & Technical,
Pages : * pages
Size : 57 KB

Description

Uniform Commercial Code, Bulk transfer. Fraud. Practice, Civil, Findings by Judge. LAURENCE, J. A Judge of the Superior Court correctly held that a debtor's transfer of all its assets without proper advance notice to creditors had violated the Bulk Transfers Act, G. L. c. 106, §§ 6-101 et seq. She ruled, however, that the violation did not give rise to a cause of action by a complaining creditor against the transferee. Her rationale was that the transferee had subsequently sold those assets to a bona fide purchaser. We disagree with that Conclusion on the instant facts and, accordingly, reverse and remand.