resale

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resale

n. selling again, particularly at retail. In many states a "resale license" or "resale number" is required so that the state can monitor the collection of sales tax on retail sales.

resale

the legitimate selling of goods despite the fact that they have already been sold to another. Where an unpaid seller who has exercised his right of LIEN or RETENTION or STOPPAGE IN TRANSIT resells the goods, the buyer acquires a good title to them as against the original buyer. The legislation provides for two instances of resale. First, where the goods are of a perishable nature or where the unpaid seller gives notice to the buyer of his intention to resell and the buyer does not within a reasonable time pay or tender the price, the unpaid seller may resell the goods and recover from the original buyer damages for any loss occasioned by his breach of contract.

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case the buyer should make DEFAULT, and on the buyer making default resells the goods, the original contract of sale is rescinded but without prejudice to any claim the seller may have for damages.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. A second sale made of an article; as, for example, if A sell a horse to B, and the latter not having paid, for him, refuse to take him away, when by his contract he was bound to do so, and then A sells the horse to C.
     2. The effect of a resale, is not always to annul the first sale, because, as in this case, B would be liable to A for the difference of the price between the sale and resale. 4 Bing. 722; Blackb. on Sales, 336; 4 M. & G. 898.

References in periodicals archive ?
For the last ten years, Fidelity Resales has facilitated and closed more DVC resale transactions than any other company in the secondary market.
The study, titled Shared Vacation Ownership: Resale Study 2013 Edition and commissioned by the educational foundation of the American Resort Development Association, reports that 80 percent of recent buyers surveyed who purchased timeshare on the secondary market were highly satisfied with their experience.
If the resale is between 91 days and 150 days following acquisition by the seller, the final rule requires the lender to document the resale value if the resale price is between 50 to 150 percent over the purchase price.
Holloway said he did not know why the average sales price of resale homes declined in some areas, notably east Palmdale - where the average price dropped 7 percent to $81,969 even as nearly 400 additional homes closed escrow.
That region posted a third-quarter resale pace of 110,000 units for condos and co-ops, which was 12.
The transferee, identified by management as a more efficient sale outlet, then offers the inventory for resale to the general public (an "uncontrolled sale").
CastlePoint is seeking to terminate the resale registration statement in light of the SEC's amendments to Rule 144, effective February 15, 2008, which would enable non-affiliate shareholders of the Company's shares covered by the resale registration statement to freely resell those shares if the conditions of the amended Rule 144 are met.
For the last ten years, Fidelity Resales has closed more DVC resales than any other company on the secondary market.
The study analyzed data drawn from more than 3,000 Disney Vacation Club resale transactions that took place between 2010 and 2013, and examined factors such as the time of year when DVC resale prices are lowest, the events that might influence resale prices, which resorts are most popular, and when particular resorts are most available.
Trump Tower, one of the most elegant of the city's residences, had nine resales averaging $609 per square foot last year and four in the first quarter of this year that averaged $600 per square foot.
CABO SAN LUCAS, Mexico, June 13, 2014 /PRNewswire-iReach/ -- Grand Solmar Resales Awareness Team wants vacationers to have the best possible experience whenever they are away from home.