South Carolina Statutes
§ 39-59-60 — Liability for failure to make timely repurchase of inventory.
South Carolina·Title 39 TRADE AND COMMERCE·Ch. 59 FRANCHISE AGREEMENTS RELATING TO RETAIL AND REPURCHASE OF FARM IMPLEMENTS, ETC.
If any wholesaler, manufacturer, or distributor fails or refuses to repurchase any inventory covered under the provisions of this chapter within the time periods established in Section 39-59-30, he is civilly liable for one hundred percent of the current net price of the inventory, plus any freight charges paid by the retailer, the retailer's reasonable attorney's fees, court costs, and interest on the current net price computed at the legal rate of interest from the ninety-first day after contract termination.
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South Carolina § 39-59-60 (Liability for failure to make timely repurchase of inventory.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1984 Act No. 326.
Nearby Sections
13
§ 39-59-10
Definitions.§ 39-59-100
Warranty claims.§ 39-59-110
Indemnification of retailer.§ 39-59-120
Legal remedy for violation of chapter.§ 39-59-130
Limitations period.§ 39-59-80
Security interests in inventory.§ 39-59-90
Audit of books or records.