§ 117.01  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 or selling of personal property at a high price and then offering the personal property at successive lower prices until a buyer is secured.
   NEW MERCHANDISE. Any merchandise not previously sold at retail.
(Prior Code, § 111.01)
Statutory reference:
   Related provisions, see SDCL § 37-14-2