§ 112.01 DEFINITIONS.
   For the purpose of this chapter, the following definitions shall apply unless the context clearly indicates or requires a different meaning.
   AUCTION SALE. The offering for sale or selling of personal property to the highest bidder or offering for sale at a high price and then offering the same at successive lower prices until a buyer is secured.
   NEW MERCHANDISE. All merchandise not previously sold at retail.
(1993 Code, § 112.01)