Final answer:
Option (2), The statement is false, as the Bulk Sales Law governed by the UCC Article 6 has been repealed in several states including Utah, so not all bulk transfers are subject to this law.
Step-by-step explanation:
The statement that without exception, all bulk transfers of good located in Utah are subject to the Bulk Sales Law is false. The Uniform Commercial Code (UCC) Article 6, which governs bulk transfers, has been repealed in many states, including Utah. Therefore, not all bulk sales in Utah are subject to a specific 'Bulk Sales Law.'
It's essential for parties engaging in the sale of a business or bulk transfer of goods to consult current state laws and potentially seek the assistance of a legal professional to ensure compliance with applicable laws and regulations.