24-13-1-3. "Commercially reasonable terms"

IN Code § 24-13-1-3 (2019) (N/A)
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Sec. 3. "Commercially reasonable terms" means the repurchase of current and marketable inventory within twelve (12) months after the date of purchase at not less than ninety percent (90%) of the original net cost, less appropriate set-offs and legal claims, if any.

As added by P.L.105-2017, SEC.3.