Tennessee Code 47-25-902 – Part definitions
Current as of: 2024 | Check for updates
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As used in this part, unless the context otherwise requires:
Terms Used In Tennessee Code 47-25-902
- Contract: A legal written agreement that becomes binding when signed.
- 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.
- Retail sale: means any sale, except a sale for the purpose of resale in the ordinary course of business. See Tennessee Code 47-25-902
- Wholesaler: means one who sells other than at retail, as defined in this section. See Tennessee Code 47-25-902