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n. one who sells goods or other property to a buyer (purchaser). (See: sell, sale)

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

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.

A Law Dictionary, Adapted to the Constitution and Laws of the United States. By John Bouvier. Published 1856.
References in periodicals archive ?
He added that, "So we have learnt once again that financial support of prices at a seller's market price level inevitably leads - as it has throughout the history of commodity markets, from tin to coffee, and from diamonds to cocoa - to the mobilisation of new production, in this case of millions of barrels per day of high cost shale oil.
It is the existence of a seller's market that links the mid-1980s with current marketplace conditions and has exposed today's dominant supply chain management philosophy, which many refer to as "procurement," as a dangerous and fatally flawed fad.
The determination of which regions are prone to becoming a seller's market is made by monitoring such indicators as the economy, labor statistics, recruiting activity, and executive demand by retained search firms, as well as staffing agency workloads.
Greenhouse Gas Reduction Has Become a Seller's Market
"After running the company for 21 years, it was a situation where I thought I either needed to get larger or to sell to one of these public companies, and right now it's a seller's market," Duke says.
It's a seller's market for executives with distribution skills and experience.
The sample of 1,000 homeowners shows that it's still a seller's market, with buyers outnumbering sellers nearly three to one.
Some of you may still be stunned by the sudden flip-flop from a buyer's to seller's market that has occurred in many basic resins.
Real estate prices have increased in Lane County for the past 4 1/2 years, but a frenzied seller's market has led to particularly sharp price rises since mid-2016.
As Las Vegas and Henderson's real estate market is becoming a seller's market, they have also been receiving multiple offers and have even had several bidding wars within the last month or two.