N.Y. General Business Law 532 – Definitions
§ 532. Definitions. As used in this article: A "tube" is an electron receiving tube or cathode ray tube (commonly known as a picture tube) designed primarily for use in a home type television or radio receiver, phonograph, tape recorder, or any combination thereof, or other home type electronic device or appliance.
Terms Used In N.Y. General Business Law 532
- 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.
- second-hand tube: is a tube which has been subjected to consumer or demonstrator use as an entity. See N.Y. General Business Law 532
- tube: is a n electron receiving tube or cathode ray tube (commonly known as a picture tube) designed primarily for use in a home type television or radio receiver, phonograph, tape recorder, or any combination thereof, or other home type electronic device or appliance. See N.Y. General Business Law 532
"Used tube" or a "second-hand tube" is a tube which has been subjected to consumer or demonstrator use as an entity.
A "used component" is any part or material salvaged from a used or second-hand tube.
A "tube utilizing used components" is a tube which has not been used as an entity but which in the manufacture thereof has utilized one or more used components. Such a tube shall not be deemed to be a used or second-hand tube within the meaning of this article.
A "reactivated tube" is a weak, worn-out or defective tube which has been temporarily reactivated by the administration of a charge of high voltage electric current to the elements thereof.
A "reduction" is the sale of a tube at a price that is less than the manufacturer's list price for that tube.
A "savings" is the sale of a tube at a price that is less than the list price for a tube by the same or another manufacturer when the tubes are identical.
"Person" means an individual, partnership, firm, association or corporation.