Delaware Code Title 6 Sec. 2724 – Exceptions to repurchase requirements
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This subchapter does not require repurchase from a dealer of:
(1) A repair part with a limited storage life or otherwise subject to deterioration, such as gaskets or batteries.
(2) Multiple packaged repair parts when the package has been broken.
(3) A repair part that, because of its condition, is not resalable as a new part without repackaging or reconditioning.
(4) Any inventory that the dealer chooses to keep.
(5) Any inventory that was acquired by the dealer from a source other than the supplier.
(6) Any tractors, implements, attachments or equipment that the dealer purchased from the supplier more than 36 months before date of the notice of termination.
Terms Used In Delaware Code Title 6 Sec. 2724
- Dealer: means a person, firm or corporation engaged in the business of selling, at retail, construction, farm, industrial or outdoor power equipment and who maintains a total inventory of new equipment and repair parts valued at $50,000 or over and provides repair service for the above-mentioned equipment. See Delaware Code Title 6 Sec. 2720
- Inventory: means the tractors, implements, attachments, equipment and repair parts that the dealer purchased from the supplier. See Delaware Code Title 6 Sec. 2720
- Supplier: means a wholesaler, manufacturer or distributor who enters into a contract agreement with a dealer. See Delaware Code Title 6 Sec. 2720