Which of the following is a criterion for a bulk transfer?
A) The buyer must take physical possession of all assets within 10 days of sale.
B) The buyer must have rights to all intangible assets.
C) Letters from the seller's attorney must attest to the fact that there are no liens or suits against the company.
D) The buyer must give notice of the sale to each creditor at least 10 days before he takes possession of the goods or pays them for the goods.
Correct Answer:
Verified
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