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 ?
She went on to say that while a seller's market continues in parts of Pennsylvania and New Jersey, she did not expect that to last as eastern markets cycle over the top and that local economic changes would also impact the foreclosure picture.
However, if the average sold price is repeatedly above the listing price this is an indicator of a seller's market.
Today's market is best described not as a buyer's market or seller's market but as a broker's market.
Through year-end 2005, prospective buyers will be energized, creating a seller's market.
metalcasters should start to feel the shift of the pendulum (if they haven't already) to a seller's market for metal castings delivered in a timely manner.
Candidates for employment are in a seller's market," Jeffery says.
Whether it's brick-and-mortar or equities, it's a seller's market.
Tightening supply/demand balance in the polymers themselves is contributing to an emerging seller's market.
com, a California based investment advisory firm and publisher of foreclosure property information firm, reported today that the seller's market of the last few years is coming to an end up and down the east coast.
Association President Steve White said that this is neither mainly a buyer's nor a seller's market.
On the industrial front, steady demand for product and low supply has translated into a seller's market, with asking sale prices for industrial properties exceeding $100 per sq.
It was a seller's market, and production, not price, was the dominant factor.