Spokane Merchants Ass'n v. Koska

Citations

• 118 Wash. 445
• 203 P. 969
• 1922 Wash. LEXIS 673

Syllabus

<p>Fraudulent Conveyances (14) — Sai.es in Bulk — What Constitutes. Under Rem. Code, § 5299, a sale of a one-half interest in a business and stock of goods constitutes a sale in bulk.</p> <p>Same (14) — Affidavit as to Creditors — Liability of Purchaser. A purchaser of a one-half interest in a business and stock of goods, by exacting the affidavit as to creditors required by Rem. Code, § 5296, is not thereby excused from compliance with the mandate of Id., § 5297, requiring the vendee to see that his purchase money for the half-interest is applied, share and share alike, to the payment of bona fide claims against his vendor as shown by the verified statement of creditors.</p> <p>Same (14). A purchaser of an interest in a business is liable under the hulk sales law, for debts listed in his vendor’s affidavit, but only to the extent of a pro rata part to each creditor of the amount received by the purchaser from the sale.</p>