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<a href="http://www.accessmylibrary.com/coms2/summary_0286-18309721_ITM" title="Facts and information about Battered and coated French fries as a fresh vegetable eligible for PACA protection: are you kidding?(Credit Column)(Perishable Agricultural Commodities Act )">Battered and coated French fries as a fresh vegetable eligible for PACA protection: are you kidding?(Credit Column)(Perishable Agricultural Commodities Act )</a>
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Battered and coated French fries as a fresh vegetable eligible for PACA protection: are you kidding?(Credit Column)(Perishable Agricultural Commodities Act )
INTRODUCTION
The Perishable Agricultural Commodities Act ("PACA") grants preferred trust fund protection to eligible unpaid sellers and suppliers of perishable agricultural commodities. If the buyer of perishable agricultural commodities files bankruptcy, eligible unpaid sellers and suppliers are entitled to full payment of their PACA trust claims ahead of the claims of the secured and unsecured creditors.
PACA defines "perishable agricultural commodities" as fresh fruits and vegetables of every kind and character, whether or not frozen or packed in ice. However, PACA does not elaborate further on the meaning of "fresh fruits and vegetables". Congress ...
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