Definition of RESALE


RESALE

A second sale made of an article; as, for example, if A
sell a horse to B, and the latter not having paid, for him, refuse to take him
away, when by his contract he was bound to do so, and then A sells the horse to
C.


2. The effect of a resale, is not always to annul the first sale,
because, as in this case, B would be liable to A for the difference of the
price between the sale and resale. 4 Bing. 722; Blackb. on Sales, 336; 4 M.
& G. 898.




Source: Bouviers Law Dictionary 1856 Edition

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z