New York Laws > General Business > Article 35-F – Fire Sprinkler Information
Current as of: 2024 | Check for updates
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Other versions
| § 759 | Definitions |
| § 759-A | Disclosure of automatic fire sprinkler system information |
Terms Used In New York Laws > General Business > Article 35-F - Fire Sprinkler Information
- Builder: means any person, corporation, partnership or other entity contracting with an owner for the construction of a one- or two-family residential dwelling having less than three stories. See N.Y. General Business Law 759
- Buyer: means any person or persons who have contracted or who intend to contract with a builder for the construction of a one- or two-family residential dwelling having less than three stories. See N.Y. General Business Law 759
- Contract: A legal written agreement that becomes binding when signed.
- 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.
- 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.