Terms Used In N.Y. General Business Law 532

  • 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.
  • second-hand tube: is a tube which has been subjected to consumer or demonstrator use as an entity. See N.Y. General Business Law 532
  • tube: is a n electron receiving tube or cathode ray tube (commonly known as a picture tube) designed primarily for use in a home type television or radio receiver, phonograph, tape recorder, or any combination thereof, or other home type electronic device or appliance. See N.Y. General Business Law 532

As used in this article: A “tube” is an electron receiving tube or cathode ray tube (commonly known as a picture tube) designed primarily for use in a home type television or radio receiver, phonograph, tape recorder, or any combination thereof, or other home type electronic device or appliance.

“Used tube” or a “second-hand tube” is a tube which has been subjected to consumer or demonstrator use as an entity.

A “used component” is any part or material salvaged from a used or second-hand tube.

A “tube utilizing used components” is a tube which has not been used as an entity but which in the manufacture thereof has utilized one or more used components. Such a tube shall not be deemed to be a used or second-hand tube within the meaning of this article.

A “reactivated tube” is a weak, worn-out or defective tube which has been temporarily reactivated by the administration of a charge of high voltage electric current to the elements thereof.

A “reduction” is the sale of a tube at a price that is less than the manufacturer’s list price for that tube.

A “savings” is the sale of a tube at a price that is less than the list price for a tube by the same or another manufacturer when the tubes are identical.

“Person” means an individual, partnership, firm, association or corporation.