Is the bulk sale transfer article part of the Uniform Commercial Code?

The bulk sale transfer article is indeed part of the Uniform Commercial Code (UCC), which was designed to standardize and simplify transactions in commerce across the United States. The UCC includes a variety of articles covering different aspects of commercial transactions, and the bulk sale provisions specifically address the sale of all or substantially all of a business's inventory or assets outside the ordinary course of business.

This provision aims to protect creditors by requiring sellers to notify them when a bulk sale is occurring, thus allowing creditors the opportunity to collect outstanding debts before the sale is closed. The inclusion of this article signifies the importance of transparency and protection of stakeholders in business transactions.

The other potential answers introduce conditions that do not align with the UCC's scope. While some jurisdictions may have variations in how they implement these provisions, the bulk sale article itself is universally recognized under the UCC framework. The reference to real property is also irrelevant because the UCC primarily governs personal property transactions, making the assertion that the article only applies to real property incorrect.