The following words shall have the meaning ascribed herein unless the context clearly indicates a different meaning:
(a) "Defunct business" means any business or branch store thereof which has terminated business at a particular location.
(b) "Liquidation sale" means any sale in which the seller represents, either directly or indirectly, that any or all of the goods, wares or merchandise offered for sale are all or part of the former stock in trade of a defunct business which was theretofore conducted on the premises on which the sale is being held. Liquidation sale shall not include any sale covered by State or local laws pertaining to auctions.
(Ord. 76-1959. Passed 10-10-59.)