Tennessee § 6-55-401 - Part definitions.

§ 6-55-401. Part definitions.

As used in this part, unless the context otherwise requires: “Commissioner” means the commissioner or such official designated by the city ordinance, to be appointed by the municipality; “Inspector” means an inspector of the department of licenses; “License” means a license issued pursuant to this part; “Licensee” means any person to whom a license has been issued pursuant to this part; “Municipality” means any incorporated city or any incorporated town; “Publish,” “publishing,” “advertisement,” or “advertising” means every kind of conveying to the public notice of sale or notice of intention to conduct a sale, whether by word of mouth, newspaper advertising, magazine advertisement, handbill, written notice, printed notice, printed display, billboard display, poster, radio announcement, and, any and all means including oral, written or printed; and “Sales” means the sale or any offer to sell to the public goods, wares and merchandise of any and all kinds and descriptions on hand and in stock in connection with a declared purpose, as set forth by advertising, on the part of the seller that such sale is anticipatory to the termination, closing, liquidation, revision, windup, discontinuance, conclusion or abandonment of the business in connection with such sale. It also includes any sale advertised to be a “fire sale,” “adjustment sale,” “creditor's sale,” “trustee's sale,” “liquidation sale,” “reorganization sale,” “insurance salvage sale,” “administrator's sale,” “insolvent sale,” “mortgage sale,” “assignee's sale,” “adjuster's sale,” “receiver's sale,” “loss-of-lease sale,” “wholesaler's close-out sale,” “creditor's committee sale,” “forced-out-of-business sale,” “removal sale” and any and all sales advertised in such manner as to reasonably convey to the public that upon disposal of the stock of goods on hand, the business will cease and be discontinued. Acts 1953, ch. 201, § 1 (Williams, § 3496.1); T.C.A. (orig. ed.), § 6-714.