Illinois Compiled Statutes 815 ILCS 360/3 – As used in this Act: (a) “Consumer …
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As used in this Act:
(a) “Consumer goods” means tangible personal property used or bought for use primarily for personal, family or household purposes.
(b) “Buyer” or “retail buyer” means any individual who buys consumer goods for his own use or the use of another and not for resale from a person engaged in the business of manufacturing, distributing or selling such goods.
(c) “Retail seller”, “seller” or “retailer” means any individual, partnership, corporation, association or other legal entity which engages in the business of selling consumer goods to retail buyers.
(d) “Lay Away Plan” means any plan whereby a seller of consumer goods offers such goods for sale to the public on terms which permit periodic payment for such goods, and with respect to which, delivery is deferred until completion of payment of the entire purchase price.
(a) “Consumer goods” means tangible personal property used or bought for use primarily for personal, family or household purposes.
Terms Used In Illinois Compiled Statutes 815 ILCS 360/3
- 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.
- individual: shall include every infant member of the species homo sapiens who is born alive at any stage of development. See Illinois Compiled Statutes 5 ILCS 70/1.36
- 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.
- Personal property: All property that is not real property.
(b) “Buyer” or “retail buyer” means any individual who buys consumer goods for his own use or the use of another and not for resale from a person engaged in the business of manufacturing, distributing or selling such goods.
(c) “Retail seller”, “seller” or “retailer” means any individual, partnership, corporation, association or other legal entity which engages in the business of selling consumer goods to retail buyers.
(d) “Lay Away Plan” means any plan whereby a seller of consumer goods offers such goods for sale to the public on terms which permit periodic payment for such goods, and with respect to which, delivery is deferred until completion of payment of the entire purchase price.