Sec. 1. As used in this chapter:
Ask a business law question, get an answer ASAP!
Thousands of highly rated, verified business lawyers.
Click here to chat with a lawyer about your rights.
Terms Used In Indiana Code 24-4-3-1
- Consumer: shall be deemed to mean an individual, firm, partnership, association, limited liability company, or corporation who buys for his or its own use, or for the use of another but not for resale. See Indiana Code 24-4-3-1
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- Person: shall be deemed to mean a person, firm, partnership, association, limited liability company, or corporation. See Indiana Code 24-4-3-1
(b) “Consumer” shall be deemed to mean an individual, firm, partnership, association, limited liability company, or corporation who buys for his or its own use, or for the use of another but not for resale.
(c) A “second-hand watch” shall be deemed to mean:
(1) a watch which, as a whole, the case thereof, or the movement thereof, has been sold to a consumer; or
(2) any watch whose case or movement, serial numbers, or other distinguishing numbers or identification marks have been erased, defaced, removed, altered, or covered.
Formerly: Acts 1937, c.270, s.1. As amended by P.L.152-1986, SEC.50; P.L.8-1993, SEC.346.
