Maryland Code, COMMERCIAL LAW 14-301
Terms Used In Maryland Code, COMMERCIAL LAW 14-301
- 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.
- including: means includes or including by way of illustration and not by way of limitation. See
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- 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: includes an individual, receiver, trustee, guardian, personal representative, fiduciary, representative of any kind, corporation, partnership, business trust, statutory trust, limited liability company, firm, association, or other nongovernmental entity. See
(b) “Business day” means any calendar day except Sunday or the following business holidays: New Year’s Day, Washington’s Birthday, Memorial Day, Independence Day, Labor Day, Columbus Day, Veterans’ Day, Thanksgiving Day, and Christmas Day.
(c) “Consumer goods” and “consumer services” mean:
(1) Goods or services purchased, leased, or rented primarily for personal, family, or household purposes; and
(2) Courses of instruction or training regardless of the purpose for which they are taken.
(d) “Door-to-door sale” means a sale, lease, or rental of consumer goods or consumer services under single or multiple contracts with a purchase price of $25 or more, in which:
(1) The seller or the seller’s representative personally solicits the sale, including a solicitation in response to or following an invitation by the buyer; and
(2) The buyer’s agreement or offer to purchase is made at a place other than the place of business of the seller.
(e) (1) “Home improvement contract” has the meaning stated in § 8-101 of the Business Regulation Article.
(2) “Home improvement contract” does not include an oral or written agreement between a contractor and an owner for the installation of a smoke detector, a heat detector, or a carbon monoxide detector.
(f) “Person” includes an individual, corporation, business trust, statutory trust, estate, trust, partnership, association, two or more persons having a joint or common interest, or any other legal or commercial entity.
(g) “Place of business” means the main or permanent branch office or local address of a seller.
(h) “Purchase price” means the total price paid or to be paid for the consumer goods or consumer services, including all interest and service charges.
(i) “Sale” means a door-to-door sale.
(j) “Seller” means a person engaged in the door-to-door sale of consumer goods or consumer services.