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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.

Copyright © 1981-2005 by Gerald N. Hill and Kathleen T. Hill. All Right reserved.


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case the buyer should make DEFAULT, and on the buyer making default resells the goods, the original contract of sale is rescinded but without prejudice to any claim the seller may have for damages.

Collins Dictionary of Law © W.J. Stewart, 2006

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.

A Law Dictionary, Adapted to the Constitution and Laws of the United States. By John Bouvier. Published 1856.
References in periodicals archive ?
Tampa, FL, April 28, 2016 --( president and CEO Wesley Kogelman will share his experience from 16 years in the online timeshare resale marketplace at the up-coming national convention of the American Resort Development Association (ARDA).
DataQuick also reported that short sales made up an estimated 26 percent of resale activity in the state during the final quarter of last year.
Thus, the German model may be suitable for dealing with the European resale fight in relation to third States because it renders applicable an implementation legislation of a Member State as quickly as possible, (48) however not for cross-border resales within the internal market.
Resales close to your development will affect it most directly.
The Midweat also posted a healthy increase in the resale pace of condos and co-ops.
Kogelman, President and CEO of timeshare resale and rental advertising company, has been in the online resale business for 15 years and will lend his expertise to facilitate discussions with vacation ownership industry professionals regarding the timeshare secondary market.
for resale." In Debevoise, and in most instances, the Con Edison-landlord transaction is taxed as a sale, thus not a non-taxable sale for resale.
9:00am - Resale Efforts and Solutions Across the Industry: Discussion about how the resale industry is developing and implementing new prototype programs, while employing best practices that all industry segments can support to keep delinquencies down.
At Trump Parc, the gut rehab of the former Barbizon Hotel, there were eleven resales in 1992 that averaged $526 per square foot and seven in 1993 averaging $332 per square foot.
In November 2011, foreclosure resales accounted for 26.5 percent of resales in the Bay Area.
“Timeshare resales has evolved beyond the corner real estate shop-front into a major driver of the overall timeshare industry.
Short sales made up an estimated 18 percent of resales in the Seattle housing market in September, DataQuick reported.