Delaware Code Title 6 Sec. 2725 – Uniform commercial practice
Current as of: 2023 | Check for updates
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This subchapter does not affect a security interest of the supplier in the inventory of the dealer.
Terms Used In Delaware Code Title 6 Sec. 2725
- 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