Making an Asset Purchase in California? – Don’t forget about Bulk Sales

California Commercial Code §6101, et. seq. is the codification of the Uniform Commercial Code Bulk Sales law.  It is one instance where a buyer of assets may be responsible for the obligations of the seller, even though the asset purchase agreement states otherwise. A Bulk Sale is defined as any sale outside the ordinary course of … Continue reading Making an Asset Purchase in California? – Don’t forget about Bulk Sales

Subcontractors may have to indemnify even if the general contractor is negligent.

As most California subcontractors know, the indemnity clause is generally presented by general contractors as a “take it or leave it” provision. Either take it and get the work or leave it and they will find someone else to do the job. To try and build in some equity for subcontractors, the legislature passed SB … Continue reading Subcontractors may have to indemnify even if the general contractor is negligent.

Insurance and Autonomous Vehicles in California: How Prop 103 discourages individual ownership

Proposition 103, approved by California Voters in 1988, created an elected insurance commissioner and mandated a rate setting process to protect consumers. It also required an immediate 20% reduction in auto insurance rates and set forth the criteria that can be used to set future auto insurance premiums as follows: (a) Rates and premiums for an … Continue reading Insurance and Autonomous Vehicles in California: How Prop 103 discourages individual ownership