Section 696-A. Definitions  


Latest version.
  • As  used  in  this article unless the context
      requires otherwise:
        1. "Current net price"  means  the  price  listed  in  the  supplier's
      effective  price  list  or catalogue, less any applicable trade and cash
      discounts.
        2. "Dealer" means any person selling or  agreeing  to  sell  primarily
      equipment under an agreement with a supplier.
        3.  "Equipment"  means  vehicles and machinery and the accessories and
      parts thereto which are designed to be used for  farm  and  agricultural
      purposes,   lawn,  garden,  golf  course,  landscaping  or  grounds  and
      maintenance/utility activities,  provided  however  that  self-propelled
      vehicles  primarily  for  the transportation of persons or property on a
      street or highway are specifically excluded.
        4. "Dealer agreement" means any agreement between  a  supplier  and  a
      dealer  by  which  the dealer is authorized to engage in the business of
      the retail sale, lease and/or service of equipment  in  accordance  with
      methods and procedures prescribed by the supplier.
        5.  "Net cost" means the price the dealer paid to the supplier for the
      equipment, less all applicable discounts allowed, plus the freight costs
      from the supplier's location to the dealer's location.
        6. "Supplier" means the manufacturer, wholesaler or distributor of the
      equipment to be sold by the dealer.