Michigan Laws > Chapter 445 > Act 119 of 1964 – Refund of Down Payment On Vendor’s Rescission of Sale
Current as of: 2023 | Check for updates
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Other versions
| § 445.141 | Vendor’s rescission of sale of goods; refund; goods, possession |
| § 445.142 | Violation of act; penalty |
Terms Used In Michigan Laws > Chapter 445 > Act 119 of 1964 - Refund of Down Payment On Vendor's Rescission of Sale
- 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.
- Grantor: The person who establishes a trust and places property into it.
- grantor: may be construed as including every person from or by whom any estate in lands passes in or by any deed. See Michigan Laws 8.3e
- 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: may extend and be applied to bodies politic and corporate, as well as to individuals. See Michigan Laws 8.3l