resale

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 any rights of the original buyer — Uniform Commercial Code
re·sal·able /ˌrē-'sā-lə-bəl/ adj

Merriam-Webster’s Dictionary of Law. . 1996.

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 Act 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case the buyer should make default, and on the buyer making default resells the goods, the original contract of sale is rescinded but without prejudice to any claim the seller may have for damages.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. . 2001.


resale
Selling again, particularly at retail (a retail product is sold once to the retail store and again to the final customer). In many states, a resale license, resale number, or seller's permit is required so that the state can monitor the collection of sales tax on retail sales.
Category: Business, LLCs & Corporations

Nolo’s Plain-English Law Dictionary. . 2009.

resale
   1) n. selling again, particularly at retail.
   2) adj. referring to sales to the general public, as distinguished from wholesale, 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.

Law dictionary. . 2013.

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Look at other dictionaries:

  • 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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