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Session Laws, 1975
Volume 716, Page 483   View pdf image
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MARVIN MANDEL, Governor

483

GOODS,

REVISOR'S NOTE: This section presently appears as
Art. 83, §130,

The references to a "seller" and a "sales
finance company" are deleted as unnecessary in
light of the definition of "holder" in §12-601;
the word "guarantor" is deleted as unnecessary
in light of the definition of "surety" in
§12—601; and the phrase "salary,...commission,
or other compensation" is deleted as
unnecessary in light of the definition of
"wages" in §12-601.

The only other changes are in style.

12-608. CATALOG SALE.

(A)   SCOPE OF SECTION.

THIS SECTION APPLIES TO AN INSTALLMENT SALE
AGREEMENT NEGOTIATED AND ENTERED INTO WITHOUT PERSONAL
SOLICITATION BY A SALESMAN OR OTHER REPRESENTATIVE OF A
SELLER, IF THE SELLER'S PRICES, TERMS OF PAYMENT, AND
OTHER TERMS ARE CLEARLY SET FORTH IN A CATALOG OR OTHER
PRINTED SOLICITATION OF BUSINESS WHICH IS GENERALLY
AVAILABLE TO THE PUBLIC AND CONTAINS AT LEAST TWO COPIES
OF THE FORM OF THE AGREEMENT.

(B)   CATALOG SALE EXEMPTION.

IF THE BUYER ENTERS INTO A SALE DESCRIBED IN
SUBSECTION (A) OF THIS SECTION, ALL OF THE PROVISIONS OF
THIS SUBTITLE APPLY, EXCEPT THAT:

(1)         THE SELLER IS NOT REQUIRED TO DELIVER A
COPY OF THE INSTALLMENT SALE AGREEMENT TO HIM;

(2)         IF THE INSTALLMENT SALE AGREEMENT
RECEIVED BY THE SELLER FROM THE BUYER CONTAINS BLANK
SPACES TO BE FILLED IN OR CORRECTIONS TO BE MADE, THE
SELLER MAY INSERT OR CORRECT IN THE APPROPRIATE BLANK
SPACES THE AMOUNTS OF MONEY AND OTHER TERMS SET FORTH IN
THE SELLER'S CATALOG THEN IN EFFECT; AND

(3)         INSTEAD OF THE COPY OF THE INSTALLMENT
SALE AGREEMENT REQUIRED BY §12-605, THE SELLER SHALL
FURNISH TO THE BUYER, WITHIN 15 DAYS FROM THE DATE OF
SHIPMENT OF THE GOODS, A WRITTEN STATEMENT OF THE ITEMS
INSERTED IN THE BLANK SPACES.

REVISOR'S NOTE: This section presently appears as
Art. 83, §132B.

 

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Session Laws, 1975
Volume 716, Page 483   View pdf image
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