Mayfield Dairy Farms, Inc. v. McKenney

OPINION

COOPER, Justice.

This action involves the application of Chapter 6 of the Uniform Commercial Code relating to bulk transfers.

C. Scott Shrout was the owner and operator of a grocery business operating under the trade name of Easy Way Market. On June 1, 1977, he sold the business to Jerry McKenney. The parties to the sale made no attempt to comply with the requirements set forth in T.C.A. § 47-6-101 et seq. for bulk transfers.

On July 14, 1977, the Bank of Roane County loaned McKenney $30,000.00 to be paid on the purchase price of the business. The check was made payable to Scott Shrout,…