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case the buyer should make DEFAULT, and on the buyer making default resells the goods, the original contract of sale is rescinded but without prejudice to any claim the seller may have for damages.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 ?
The WRX was also placed in the overall Best Resale Value Top 10 for the third year in a row.
Among the report's key findings, ThredUp's Resale Report charted the growth of resale.
Global Resale is a leading, global provider of aftermarket services and reverse logistics, focused on resale, buyback, and disposition of technology devices.
According to SRX Property, HDB resale market sentiment turned positive in June, and eased the downward pressure on resale prices.
In this work, we explore the impact of the resale market structure on bids, linking them to efficiency and auction revenue.
Italiatech had engaged in resale price maintenance by inducing or attempting to induce three Australian retailers who sold its helmets and/or saddles not to sell those products below the recommended resale price (RRP), and TMO had engaged in resale price maintenance by inducing or attempting to induce three Australian retailers not to sell bicycle parts and accessories below the price specified by TMO.
On the seller's side, 75 percent of recent sellers surveyed were overall satisfied with their resale company.
The resale house and condo market saw closings rise by 30.
This model is as a purely German one because both judgments of the German Federal Court of Justice ground on the German resale right prior to the implementation of the Directive and on German choice-of-law rules prior to the entry into force of the Rome II-Regulation.
We define "consumer online resale" as an online resale in which the products being resold were purchased mainly for self-use, not for resale.
For resale housing, the nontargeted limit is $416,106, up from $371,153, and the targeted limit is $508,754, up from $452,409.
GESAC recalls that the European Directive generalising and harmonising resale rights in the EU (2001/84/EC) should be applied in the Member States from January 1, 2006.