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Session Laws, 1978
Volume 736, Page 2029   View pdf image
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BLAIR LEE III, Acting Governor                           2029

IN THE SELLER'S SHOWROOM OR WAREHOUSE;

(III)  ARE ORDERED FROM A MANUFACTURER OR

SUPPLIES; AND

(IV)   ARE NOT RESALABLE BY THE SELLER AT
THE SALE PRICE NEGOTIATED WITH THE BUYER; OR

(2) CONSUMER GOODS WHICH HAVE BEEN ALTERED AT

THE REQUEST OF THE BUYER SO THAT THE GOODS ARE NO LONGER

SALABLE TO THE GENERAL PUBLIC.

14-1102.

A LAYAWAY AGREEMENT SHALL BE IN WRITING AND CONTAIN ALL
OF THE AGREEMENTS OF THE PARTIES AND SHALL BE SIGNED BY ALL
OF THE PARTIES TO IT.

14-1103.

(A) A LAYAWAY AGREEMENT SHALL INCLUDE:

(1)    THE FULL NAME, PLACE OF RESIDENCE, AND POST
OFFICE ADDRESS OF EACH PARTY TO IT;

(2)    THE DATE WHEN SIGNED BY THE BUYER;

(3)    A CLEAR DESCRIPTION OF THE CONSUMER GOODS
SOLD SUFFICIENT TO IDENTIFY THEM READILY;

(4)    THE CASH PRICE OF THE CONSUMER GOODS SOLD;

(5)    ALL CHARGES FOR DELIVERY, INSTALLATION, OR
REPAIR OF OR OTHER SERVICES TO THE CONSUMER GOODS WHICH,
SEPARATE FROM THE CASH PRICE, ARE INCLUDED IN THE LAYAWAY
AGREEMENT;

(6) THE SUM OF THE CASH PRICE IN PARAGRAPH (4)
AND THE CHARGES FOR SERVICES IN PARAGRAPH (5);

(7)    THE AMOUNT OF THE BUYER'S DOWN PAYMENT,
TOGETHER WITH:

(I) A STATEMENT OF THE RESPECTIVE AMOUNTS
CREDITED FOR CASH, CREDITS, AND THE AGREED VALUE OF ANY
GOODS TRADED IN; AND

(II) A DESCRIPTION OF ALL GOODS TRADED
SUFFICIENT TO IDENTIFY THEM;

(8)    THE UNPAID BALANCE OF THE CASH PRICE
PAYABLE BY THE BUYER TO THE SELLER, WHICH IS PARAGRAPH (6)
LESS PARAGRAPH (7);

(9)    THE SERVICE CHARGE;

(10)   THE TOTAL OF PAYMENTS OWED BY THE BUYER TO
THE SELLER, WHICH IS THE SUM OF PARAGRAPHS (8) AND (9), THE

 

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Session Laws, 1978
Volume 736, Page 2029   View pdf image
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