§ 44-116. Definitions.

The following words and phrases, when used in this article, shall have the meanings respectively ascribed to them:

(1)

Fire, smoke and water-damaged goods sale is a sale held out in such a manner as to reasonably cause the public to believe that the sale will offer goods damaged by fire, smoke or water.

(2)

Going-out-of-business sale is a sale held out in such a manner as to reasonably cause the public to believe that, upon the disposal of the stock of goods on hand, the business will cease and be discontinued, including but not limited to the following sales: Adjuster's, adjustment, alteration, assignee's, bankrupt, benefit of administrator's, benefit of creditors', benefit of trustees, building coming down, closing, creditors' committee, creditors', end, executor's, final days, forced out, forced out of business, insolvents', last days, lease expires, liquidation, loss of lease, mortgage sale, receiver's, trustee's, quitting business.

(3)

Goods is meant to include any goods, wares, merchandise or other property capable of being the object of a sale regulated this article.

(Code 1950, § 958.1)

Cross reference

Definitions and rules of construction generally, § 1-2.