South Carolina Code 56-15-75. Requiring dealer to refrain from acquiring another line of new motor vehicles
(1) the requirements are unreasonable considering current economic conditions and are not otherwise justified by reasonable business considerations;
Terms Used In South Carolina Code 56-15-75
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- Motor vehicle: means any motor driven vehicle required to be registered pursuant to § 56-3-110. See South Carolina Code 56-15-10
(2) the motor vehicle dealer has maintained a reasonable line of credit for each make or line of a new motor vehicle; and
(3) the motor vehicle dealer remains in compliance with reasonable capital standards and reasonable facilities requirements specified by the manufacturer.
Reasonable facilities requirements shall not include any requirement that a motor vehicle dealer establish or maintain exclusive facilities, personnel, or display space, unless the manufacturer or distributor establishes by a preponderance of the evidence that such requirements are justified by current economic conditions or reasonable business considerations.