Texas Real Estate Exam

Category - Texas

Under the “Bulk Sales Law’, who would assume liability for stock-in-trade if no notice were given?
  1. Seller
  2. Buyer
  3. Broker and creditors
  4. Creditors
Explanation
Answer: B. 

As stated in the above answer B, it would be the buyer who would assume the liability if no notice were published or recorded.
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