For the purpose of this chapter, the following definitions shall apply unless the context clearly indicates or requires a different meaning.
COST. The price which the seller actually paid for goods.
FIRE SALE. Any sale held in such a manner as to induce a belief that the goods are being sold at a reduction in price due to damage by fire, smoke, water or otherwise.
GOING OUT OF BUSINESS SALE. Any sale, whether described by such a name or by any other name such as, but not limited to, “closing out sale”, “liquidation sale”, “lost our lease sale” or “forced to vacate sale” held in such a manner as to induce a belief that on disposal of the stock of goods on hand, the business will cease and discontinue at the premises where the sale is conducted.
GOODS. All goods, wares, merchandise and other personal property, except choses in action and money.
REMOVAL SALE. Any sale held in such a manner as to induce a belief that on disposal of the stock of goods on hand, the business will cease and discontinue at the premises where the sale is conducted and, thereafter, will be moved to and occupy another location.
SALE. A transfer of goods from the seller to the buyer for a price less than that for which the goods were originally offered to the public by the person conducting a sale hereunder.
(1984 Code, § 112.01) (Ord. O-61-66, passed 10-6-1966)