Resale contract law definition
Secondly, where the seller expressly reserves the right of resale in case the buyer should make DEFAULT, and on the buyer making default resells the goods, the original contract of sale is rescinded but without prejudice to any claim the seller may have for damages. RESALE.Legal Definition of resale: the act or an instance of selling again specifically: the selling of goods again by the same seller by right and after a breach by the original buyer a purchaser that buys in good faith at a resale takes the goods free of any rights of the original buyer Uniform Commercial Code. resale contract law definition
Resale Certificate Law and Legal Definition Under many state laws, which vary by state, when you purchase tangible personal property for resale, the transaction is not subject to sales or use tax, provided the sale is properly documented.
Resale contract law definition free
Secondly, where the seller expressly reserves the right of resale in case the buyer should make DEFAULT, and on the buyer making default resells the goods, the original contract of sale is rescinded but without prejudice to any claim the seller may have for damages. RESALE.
Definition of Resale purchase contract Resale purchase contract means an agreement negotiated by a reseller by which an owner or a reseller agrees to sell and a
Legal Definition of Lien: Everything You Need to Know A lien is the right to retain the lawful possession of another person's property until the owner fulfills a legal
Quasicontract creates obligations at common law, distinctfrom obligations under a contract. It is an area of law in itsown right. Quasicontractual remedies are sometimes available either asan alternative to a remedy for breach of contract or where thereis no remedy for breach of contract.
Rejection Law and Legal Definition Rejection is a refusal to accept a contractual offer. Rejection means a refusal to accept tendered goods as contractual performance.
Resale Price Maintenance Agreement Definition. An agreement between a manufacturer and distributors that limits the ability of the distributors to adjust the resale price of
Definition of RESALE: Where a person who has sold goods or other property to a purchaser sells them again to some one else. Sometimes a vendor reserves the right of reselling The Law Dictionary Featuring Black's Law Dictionary Free Online Legal Dictionary 2nd Ed.
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