Michigan Laws 445.811 – Definitions
Current as of: 2023 | Check for updates
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As used in this act:
(a) “Advertisement” means a representation that is intended to induce, or is likely to induce, directly or indirectly, the purchase of a consumer item, service, good, merchandise, commodity, or real property.
Terms Used In Michigan Laws 445.811
- 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.
- Person: means an individual, partnership, corporation, association, or other legal entity. See Michigan Laws 445.811
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
(b) “Mail order business” means a person that solicits an order for the sale of merchandise to be ordered by the buyer through the mails and is regulated by 16 C.F.R. part 435.
(c) “Person” means an individual, partnership, corporation, association, or other legal entity.