seller

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seller

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 ?
In sellers' markets, the average discount is less than 1 percent.
12, 2012 /PRNewswire/ -- Potential home sellers in many Western metro areas, including the Bay Area, Las Vegas and Phoenix, are well-positioned to take advantage of locally strong demand and are likely to have the upper hand in negotiations when selling their homes, according to the latest Zillow ranking of national buyers' and sellers' markets.
We've run out of superlatives to describe an incredible sellers' market that continues to defy expectations,'' said Mike Davis, president of the local division.
Also, as usually happens, we anticipate that many buildings will procrastinate in having the inspections, with a rush at the end for inspections and repairs creating a sellers' market with higher costs.
A sellers' market, driven by low interest rates and a short supply of low- to medium-priced housing, produced a surge in the transfer of existing properties, resulting in an unprecedented increase in the assessment roll,'' county Assessor Rick Auerbach said in the report.
Therefore, the unseen problems you might acquire, just to meet the demands of a sellers' market, could saddle you with major repair costs not anticipated or budgeted at the time of your no-contingency offer.
The result is an unregulated sellers' market for electricity, susceptible to naked manipulation.