Final answer:
A bulk sale involves the sale of a business's inventory rather than diet products, petroleum products, or multiple real property sales. It is commonly used during liquidation or business transfers, covering a wide range of items like apparel and transportation goods. The correct option is 2.
Step-by-step explanation:
A bulk sale typically involves the sale of a substantial amount of a seller's inventory, which is option 2 from the choices provided. This type of sale often occurs when a business is looking to quickly sell off its inventory, either as part of a liquidation or when the business is being sold or transferred.
It does not specifically refer to diet products, petroleum products, or multiple real property sales, although these items can be included in a bulk sale depending on the context of the business and inventory in question.
Common examples of bulk sales include transactions involving apparel, such as men's shirts and sweaters, women's dresses, jewelry, and various types of transportation goods like new vehicles, airline fares, and motor vehicle insurance.