Michigan Laws 442.222 – Conduct of sales; addition of goods during sale, false description or inventory prohibited
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Michigan Laws 442.222
- Continuance: Putting off of a hearing ot trial until a later time.
- Executor: A male person named in a will to carry out the decedent
- Going out of business sale: means any sale, whether described by such name or by any other name such as, but not limited to, "closing out sales" "liquidation sales" "lost our lease sale" "forced to vacate sale" held in such a manner as to indicate a belief that upon disposal of the stock of goods on hand, the business will cease and discontinue at the premises where the sale is conducted. See Michigan Laws 442.211
- Goods: means all goods, wares, merchandise and other personal property, excepting, choses in action and money. See Michigan Laws 442.211
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Person: includes a person, firm, corporation, partnership, association or 2 or more persons having a joint or common interest. See Michigan Laws 442.211
- Trustee: A person or institution holding and administering property in trust.
No person carrying on or conducting an insurance, bankrupt, mortgage, insolvent, assignee’s, executor‘s, administrator’s, receiver’s, trustee‘s, removal or going out of business sale, or sale of goods damaged by fire, smoke, water or otherwise, under a license as provided in this act shall add, during the continuance of the sale, any goods to the stock of goods described and inventoried in his original application for the license. No goods shall be sold at or during the sale, excepting the goods described and inventoried in the original application. Every addition of goods to the stock of goods described and inventoried in the application and each sale of goods not inventoried and described in the application, shall constitute a separate offense under this act, and shall void any license issued to conduct a sale under this act.