South Carolina § 39-59-50 Limitations upon repurchase of certain inventory.

South Carolina Statutes

§ 39-59-50 — Limitations upon repurchase of certain inventory.

South Carolina·Title 39 TRADE AND COMMERCE·Ch. 59 FRANCHISE AGREEMENTS RELATING TO RETAIL AND REPURCHASE OF FARM IMPLEMENTS, ETC.

The provisions of this chapter do not require the repurchase from a retailer of:

(1)Any repair part with a limited storage life or otherwise subject to deterioration, such as gaskets or batteries, but not industrial "press on" or industrial pneumatic tires;

(2)Any single repair part which is priced as a set of two or more items;

(3)Any repair part which because of its condition is not resalable as a new part without repackaging or reconditioning;

(4)Any inventory for which the retailer is unable to furnish evidence, satisfactory to the wholesaler, manufacturer, or distributor, of clear title, free and clear of all claims, liens, and encumbrances;

(5)Any inventory which the retailer desires to keep, provided the retailer has a contractual right to do so;

(6)Any farm implements, machin

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The provisions of this chapter do not require the repurchase from a retailer of: (1) Any repair part with a limited storage life or otherwise subject to deterioration, such as gaskets or batteries, but not industrial "press on" or industrial pneumatic tires; (2) Any single repair part which is priced as a set of two or more items; (3) Any repair part which because of its condition is not resalable as a new part without repackaging or reconditioning; (4) Any inventory for which the retailer is unable to furnish evidence, satisfactory to the wholesaler, manufacturer, or distributor, of clear title, free and clear of all claims, liens, and encumbrances; (5) Any inventory which the retailer desires to keep, provided the retailer has a contractual right to do so; (6) Any farm implements, machinery, utility, and industrial equipment, and attachments which are not in new, unused, undamaged, complete condition; (7) Any repair parts which are not in new, unused, undamaged condition; (8) Any farm implements, machinery, utility, and industrial equipment, yard, and garden equipment, or attachments which were purchased thirty-six months or more prior to notice of termination of the contract; (9) Any inventory which was ordered by the retailer on or after the actual receipt of the date of notification of termination of the contract; (10) Any inventory which was acquired by the retailer from any source other than the wholesaler, manufacturer, or distributor.

South Carolina § 39-59-50 (Limitations upon repurchase of certain inventory.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.