No permit shall be issued if any one or more of the following facts or circumstances are found to exist.
(A) The applicant was granted a license under this chapter for a "close-out" type of sale relating to the same or a similar business within two years preceding the date of the filing of the application.
(B) The inventory includes goods, wares and merchandise purchased by the applicant or added to his stock in contemplation of such sale and for the purpose of selling the merchandise at the sale. For the purpose of this division, any unusual addition to the stock of such goods, wares and merchandise made within 60 days prior to the filing of the application shall be prima facie evidence that the addition was made in contemplation of the sale and for the purpose of selling the addition at the sale.
(C) The acquisition by applicant of a bankrupt stock of goods or similar merchandise within six months of application.
(D) That any representation made in the application is false.
(E) The inventory is incomplete.
(F) The advertising set forth is false, fraudulent, deceptive or misleading in any respect.
(G) That the methods to be used by the applicant in conducting the sale are, in the opinion of the City Manager, such as will work a fraud upon purchasers.
('83 Code, § 5.16.050)