resale

resale
Exists where a person who has sold goods or other property to a purchaser sells them again to someone else. Sometimes a vendor reserves the right of reselling if the purchaser commits default in payment of the purchase money, and in some cases (e.g., on a sale of perishable articles) the vendor may do so without having reserved the right. U.C.C. No. 2-706 provides the conditions under which a seller has a right of resale on breach by the buyer of the sales contract. Term may also refer to act of retailer who purchases goods from manufacturer or wholesaler for purpose of selling such goods in normal course of business.
See also retail

Black's law dictionary. . 1990.

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Look at other dictionaries:

  • resale — re·sale / rē ˌsāl, ˌrē sāl/ n: the act or an instance of selling again; specif: the selling of goods again by the same seller by right and after a breach by the original buyer a purchaser who buys in good faith at a resale takes the goods free of …   Law dictionary

  • resale — re‧sale [ˈriːseɪl] noun [uncountable] COMMERCE 1. the selling of goods that you have bought from someone else: • It began buying computer peripherals from Hitachi for resale to its European customers. • the resale prices of these cars • the… …   Financial and business terms

  • Resale — (engl. für Wiederverkauf, Weiterverkauf ) steht für: Wiederverkauf von eingekauften Dienstleistungen oder Produkten, siehe auch Wiederverkäufer Resale (Messe), Messe für gebrauchte Maschinen und Anlagen in Karlsruhe Diese Seite ist eine …   Deutsch Wikipedia

  • Resale — Re*sale (r? s?l or r? s?l), n. A sale at second hand, or at retail; also, a second sale. Bacon. [1913 Webster] …   The Collaborative International Dictionary of English

  • resale — (n.) 1620s, from RE (Cf. re ) back, again + SALE (Cf. sale) (q.v.) …   Etymology dictionary

  • resale — [rē′sāl΄] n. the act of selling again; specif., the act of selling something bought to a third party …   English World dictionary

  • resale — [[t]ri͟ːseɪl[/t]] N UNCOUNT: N n The resale price of something that you own is the amount of money that you would get if you sold it. ...a well maintained used car with a good resale value …   English dictionary

  • resale — / ri:seɪl/ noun the selling of goods which have been bought ● to purchase something for resale ● The contract forbids resale of the goods to the USA …   Marketing dictionary in english

  • resale —    Sales to the general public, as distinguished from wholesale, which is sales to retailers. 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 …   Business law dictionary

  • resale — / ri:seɪl/ noun the selling of goods which have been bought ● to purchase something for resale ● The contract forbids resale of the goods to the USA …   Dictionary of banking and finance

  • resale — n. the sale of a thing previously bought. Phrases and idioms: resale price maintenance a manufacturer s practice of setting a minimum resale price for goods. Derivatives: resalable adj …   Useful english dictionary

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