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case the buyer should make DEFAULT, and on the buyer making default resells the goods, the original contract of sale is rescinded but without prejudice to any claim the seller may have for damages.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 ?
I was told they had a price for scrap and would pay more for good resalable gold.
The company currently has two contract employees that service 40 Home Depot and Lowe's stores and handle all of their mobile service work throughout central Georgia; plans are to add a third mobile shop.The business is being offered at $1.4M, which includes $500K in owned resalable inventory and $200K in FF&E.
Manager Lindy Welch said: "Although good quality items are always needed to sell in store, goods which are not in a resalable condition are welcome too as they can be sold as rag and will still raise money.
resalable bag, add mari Nade, and chill overnight, turning a couple of times.
Mobile phones being a resalable consumer product are obvious attraction for the criminals and are easy theft target.
(OPW TVS) is designed to recycle gasoline vapour into resalable fuel.
Delivery from pounds 3.95 and it can be returned if in a resalable condition.
Certain industries face greater threats due to the resalable nature of their products, like electronics, computers, technology and even food and so forth, but identity thieves find small businesses just as profitable as large ones.
Washington, July 20 (ANI): A consumer packaging company has developed a lighter, resalable aluminum bottle that it hopes will replace glass bottles for many beverages, as it is more eco friendly.
Racehorses come in all shapes but the breeze-up horse has to be spot-on - they've got to be by fashionable stallions, out of young mares and resalable individuals." However, Browne is quick to acknowledge that altered buying strategies and cut budgets present their own problems.
It's also possible that the unit will be dismantled by hand and resalable components shipped to a secondary market or overseas for additional processing and resale.