Tennessee Code 47-25-902 – Part definitions

As used in this part, unless the context otherwise requires:

(1) “Household furniture, appliances, and floor coverings” means such furniture, appliances, and floor coverings as are used in dwelling houses;

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.
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.
Retail sale: means any sale, except a sale for the purpose of resale in the ordinary course of business. See Tennessee Code 47-25-902
Wholesaler: means one who sells other than at retail, as defined in this section. See Tennessee Code 47-25-902

(2) “Person” means any individual, firm, partnership, corporation, or other organization;

(3) “Retail sale” means any sale, except a sale for the purpose of resale in the ordinary course of business;

(4) “Sale” or “sell” means any sale, contract for sale, offer of sale, or advertisement thereof;

(5) “Wholesale price” means a customary price at which a wholesaler sells merchandise for resale;

(6) “Wholesale sale” means any sale other than a retail sale, as defined in this section; and

(7) “Wholesaler” means one who sells other than at retail, as defined in this section.

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