Maryland Code, COMMERCIAL LAW 14-701
Terms Used In Maryland Code, COMMERCIAL LAW 14-701
- 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: 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) “Consumer” means a person who buys for his own use or for the use of another but not for resale.
(c) “County” includes Baltimore City.
(d) “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.
(e) “Secondhand watch” means:
(1) A watch or the case or movement of a watch which has been sold previously to a consumer; or
(2) Any watch of which the case or movement serial number or other distinguishing number or identification mark has been erased, defaced, removed, altered, or covered.
(f) “Sell” includes exchange or offer or display for sale or exchange.