Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
Presale
The sale of real property (such as condominium units) before construction has begun.
Resale
n. 1. The act of selling goods or property - previously sold to a buyer who breached the sales contract - to someone else. UCC ยง 2-706. 2. A retailer's selling of goods, previously purchased from a manufacturer or wholesaler, to consumers. - resell, ub.
resale-price maintenance
A form of pricefixing in which a manufacturer forces or persuades several different retailers to sell the manufacturer's product at the same price, thus preventing competition. 0 Resale-price maintenance is per se illegal under antitrust law. But a manufacturer is permitted to suggest a retail price as long as it does not compel retailers to sell at that price. See vertical price-fixing under PRICE-FIXING.