§ 7-1-1. Definitions.

Latest version.

For the purposes of this chapter, the following words and phrases shall have the meanings respectively ascribed to them by this section:

Down hill selling shall mean the first offering of any article at a high price and then offering the same at successive lower prices until a buyer is secured.

Selling at auction shall mean the offering for sale or selling of personal property to the highest bidder or offering for sale or selling of such property by the method known as "down hill selling."

(Code 1964, § 8-1-1)

Cross reference

Definitions and rules of construction generally, § 1-1-2.

                    
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