ABM Escrow Closing & Consulting, Inc. v. Matanuska Maid, Inc.

OPINION

RABINOWITZ, Justice.

I. Background.

A petition for hearing was granted in this matter to consider an appellate decision of the superior court. The superior court, reversing the district court, held that ABM Escrow Closing and Consulting, Inc. (ABM), which handled the sale of an Anchorage A & W restaurant, is liable to one of the restaurant’s creditors for failing to pay that creditor’s account from the proceeds of the sale of the restaurant. The issue before us is whether Article 6 of the Uniform Commercial Code (Bulk Transfers) 1 applies, directly or by estoppel, to the sale of the…