Wisconsin Statutes 135.045 – Repurchase of inventories
Current as of: 2023 | Check for updates
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Terms Used In Wisconsin Statutes 135.045
- Grantor: includes every person from or by whom any freehold estate or interest passes in or by any deed; and "grantee" includes every person to whom any such estate or interest passes in like manner. See Wisconsin Statutes 990.01
- Grantor: The person who establishes a trust and places property into it.
If a dealership is terminated by the grantor, the grantor, at the option of the dealer, shall repurchase all inventories sold by the grantor to the dealer for resale under the dealership agreement at the fair wholesale market value. This section applies only to merchandise with a name, trademark, label or other mark on it which identifies the grantor.