Oregon Statutes 695.210 – Definitions for ORS 695.210 to 695.240
As used in ORS § 695.210 to 695.240, unless the context requires otherwise:
Terms Used In Oregon Statutes 695.210
- 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: includes individuals, corporations, associations, firms, partnerships, limited liability companies and joint stock companies. See Oregon Statutes 174.100
(1) ‘Consumer’ means a person who buys for the person’s own use, or for the use of another, but not for resale.
(2) ‘Person’ means an individual, firm, partnership, association or corporation engaged in the business of selling watches.
(3) ‘Secondhand watch’ means:
(a) A watch which, as a whole, or the case thereof, or the movement thereof, has been sold to a consumer. However, a watch which has been so sold, and is thereafter returned within a period of six months from the date of the original sale, either through an exchange or for credit, to the same person who sold the watch to the consumer, shall not be deemed to be a secondhand watch for the purpose of ORS § 695.210 to 695.240 if the vendor keeps a written record setting forth the name and address of the consumer, the date of the sale to the consumer, the name of the watch or its maker, and the serial number, if any, on the case and the movement of the watch, or other distinguishing numbers or identification marks, such record to be kept for at least three years from the date of the sale of the watch.
(b) Any watch whose case or movement, serial numbers or other distinguishing numbers or identification marks have been erased, defaced, removed, altered or covered.