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case the buyer should make DEFAULT, and on the buyer making default resells the goods, the original contract of sale is rescinded but without prejudice to any claim the seller may have for damages.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 ?
HISTORY OF THE ARTIST'S RESALE RIGHT IN THE UNITED KINGDOM
That prices of shoes vary depending on where it is bought became the cardinal business secret behind the sneaker resale platform.
Unfortunately, those who are not already registered cannot attempt to purchase tickets during the resale as the deadline was April 23.
Demetriades himself only came across the Cyprus resale right law when Marcus and Ghika Savva, the children of the renowned avant-garde Cypriot artist, Christoforos Savva, instructed Demetriades' office to look into the matter.
The change to label every sale as "prohibited" would mean the site complies with the court order for the minority of tours that ban resale but gives false information on the vast majority.
As a result of partnering with hundreds of designer resale and vintage stores, LePrix's wholesale channel is able to provide pre-verified resale businesses access to sell and purchase authentic secondhand designer items from other resale businesses online at deeply-discounted prices.
Caption: The Worn Again Clothing Store, a local clothing resale store, leases about 200 square feet of space from Parry's.
The resale price of 1 square meter of ill-equipped housing averaged to 114,496 tenge that is 0.8 percent lower than in December 2016.
While on average the difference between the auction prices and the resale values was small, there was substantial variance.
But those put up for resale were found to be going for as much as $800 on online classifieds website Craigslist.
This compares to total revenue of USD31.2 million in the third quarter of 2015, consisting of acquisition underwriting revenue of USD16.5 million, resale licensing revenue of USD14.2 million and solutions and other revenue of USD0.6 million.
Global Resale is a global provider of aftermarket services and reverse logistics, focused on resale, buyback, and disposition of technology devices.