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n. one who sells goods or other property to a buyer (purchaser). (See: sell, sale)

See: creditor, dealer, merchant, supplier, vendor

SELLER, contracts. One who disposes of a thing in consideration of money; a vendor.
     2. This term is more usually applied in the sale of chattels, that of vendor in the sale of estates.
     3. The duties of the seller are, 1. To deal with fairness. 2. To deliver the thing sold at the time and place appointed, and to take care of it until delivery; but when everything the seller has to do with the goods is complete, the property and the risk of accident to the goods, rests in the buyer, even before delivery, or payment. Noy's Max. ch. 24; 7 East, 571; 2 Bl. Com. 448. 3. To warrant the title of personal property when he sells it as his own, when it is in his possession. 2 Kent, Com. 374; 1 Lord Raym. 593; 1 Salk. 210.
     4. The rights of the seller are, 1. To be paid the price agreed upon. 2. To be indemnified for any expenses he may have incurred to preserve the thing sold for the buyer, after the title to it has passed to the latter. 3. To stop the thing in transitu when the buyer has failed and the price has not been paid. See Stoppage, in transitu. Vide Purchaser, and the authorities there cited; Bouv. Inst. Index, h.t.

References in periodicals archive ?
We went from a situation of high demand and low relative capacity to low demand and high relative capacity; the industry was transformed from a seller's market to a buyer's market almost overnight.
Evidence reflecting the lull in the seller's market is exemplified by recent real estate sales changes in Pacific Palisades, California.
This seller's market for public placements has trickled down to affect asset-backed private placements.
The Chicago metro area is definitely moving from a seller's market to a buyer's market," said ForeclosureS.
Gratefully, the overheated, unsustainable seller's market of years past is finished," association President Steve White said.
In a hot, competitive seller's market, cash is the very best thing--the next best thing is a lightning fast Bridge loan commitment, which can allow you to bid without needing a financing contingency.
Do these stories signal a return to a seller's market and regular price increases?
Tulsa is in a seller's market now, and there should be little or no impact at the current 8.
com, an investment advisory firm specializing in distressed property, reported today the shift from a seller's market to a buyer's market could lead to an increase in mortgage defaults in the last quarter of 2005 and continue into 2006.
They're counting on ticket brokers realizing they're asking too much, and that the seller's market will swing to the buyer.
As we enter the New Year, GVA Williams' research shows every reason to believe it will continue to be a seller's market as the fundamentals in the real estate market improve and increases in interest rates remain closely monitored by the Fed.
Foundries were turning away business, extending lead times and having the time of their lives with the biggest seller's market of all time.