Coastal Oil New England v. Citizens Fuels Book Reviews
Coastal Oil New England v. Citizens Fuels by Appeals Court of Massachusetts Book Summary
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.
Book Name | Coastal Oil New England v. Citizens Fuels |
Genre | Law |
Author | Appeals Court of Massachusetts |
Published | 06 January 1995, Friday |
Language | English |
E-Book Size | 56.29 KB |
Coastal Oil New England v. Citizens Fuels (Appeals Court of Massachusetts) Book Reviews 2024
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Summary of Coastal Oil New England v. Citizens Fuels by Appeals Court of Massachusetts
The Coastal Oil New England v. Citizens Fuels book written by Appeals Court of Massachusetts was published on 06 January 1995, Friday in the Law category. A total of 88 readers of the book gave the book 0 points out of 5.
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