Indiana Code 15-12-3-3. “Current net price”
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Sec. 3. As used in this chapter, “current net price” means:
(2) an applicable trade or cash discount.
(1) the price listed by a wholesaler, manufacturer, or distributor of inventory in effect at the time a contract is terminated; minus
Terms Used In Indiana Code 15-12-3-3
- Contract: A legal written agreement that becomes binding when signed.
- inventory: means farm or industrial machinery held by a retailer. See Indiana Code 15-12-3-5
[Pre-2008 Recodification Citation: 15-7-7-3.]
As added by P.L.2-2008, SEC.3.