This part shall not require the repurchase from a retailer of:

(1) Any repair part which, because of its condition, is not resalable as a new part;

Terms Used In Tennessee Code 47-25-1307

  • Contract: A legal written agreement that becomes binding when signed.
  • Inventory: means farm implements and machinery, construction, utility and industrial equipment, consumer products, outdoor power equipment, attachments and repair parts. See Tennessee Code 47-25-1301
  • Retailer: means any person, firm or corporation engaged in the business of selling and retailing farm implements and machinery, construction, utility and industrial equipment, outdoor power equipment, attachments or repair parts and shall not include retailers of petroleum products. See Tennessee Code 47-25-1301
(2) Any inventory which the retailer desires to keep; provided, that the retailer has a contractual right to do so;
(3) Any farm implements and machinery, construction, utility and industrial equipment, outdoor power equipment and attachments which are not current models or which are not in new, unused, undamaged, complete condition; provided, that the equipment used in demonstrations or leased as provided in § 47-25-1305 shall be considered new and unused;
(4) Any repair parts which are not in new, unused, undamaged condition;
(5) Any farm implements and machinery, construction, utility and industrial equipment, outdoor power equipment or attachments which were purchased more than thirty-six (36) months prior to notice of termination of the contract; or
(6) Any inventory which was ordered by the retailer on or after the date of termination of the contract.
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