16-1001. Definitions.
16-1001
16-1001. Definitions.
As used in this act: (a) "Current model" means a model listed in the
wholesaler's,
manufacturer's or distributor's current sales manuals or any supplements
thereto.
(b) "Current net price" means the price listed in the wholesaler's,
manufacturer's
or distributor's price list or catalogue in effect at the time the contract
is cancelled or discontinued, less any applicable trade and cash discounts.
(c) "Net cost" means the price the retailer actually paid for the
merchandise
to the wholesaler, manufacturer or distributor, plus freight from the
wholesaler's,
manufacturer's or distributor's location to the retailer's location at carload
(30,000 pounds) rates.
History: L. 1976, ch. 95, § 1; July 1.