§ 47-50-112. Contracts to Be Enforced as Written
All contracts, including, but not limited to, notes, security agreements, deeds of trust, and installment sales contracts, in writing and signed by the party to be bound, including endorsements thereon, shall be prima facie evidence that the contract contains the true intention of the parties, and shall be enforced as written; provided, that nothing herein […]
§ 47-50-113. Disposition of Personal Property Found in or on Repossessed Vehicle — Reclamation by Owner
When a vehicle is repossessed in this state, the individual, business or agency involved in the repossession may not abandon any personal property found in or on the vehicle for a period of fourteen (14) days following the repossession; provided further, that the individual, business or agency and any other individual or entity may not […]
§ 47-50-114. Sales Representatives — Commissions
As used in this section: “Commission” means compensation accruing to a sales representative for payment by a principal, the rate of which is expressed as a percentage of the dollar amount of orders or sales; “Principal” means a person who: Manufactures, produces, imports, or distributes a product for wholesale; Contracts with a sales representative to […]
§ 47-50-115. Reimbursement of Federal Excise Taxes
When a contract calls for one party to reimburse the other party for the federal manufacturer’s excise tax levied by Part III of Subchapter A of Chapter 32 of the Internal Revenue Code, whether as a separate item or as part of the price, there shall exist for the party making the reimbursement a contractual […]
§ 47-50-116. References to 911 Service Restricted
It is unlawful for any individual or entity to make reference to 911 service, as authorized under title 7, chapter 86, in any advertisement if such reference is false, misleading, or deceptive. As used in this section, “advertisement” means any representation disseminated in any manner or by any means, other than by labeling, for the […]
§ 47-50-117. Reimbursement of Costs Associated With Clothing Anti-Theft Security Tags
When clothing is purchased that contains an anti-theft security tag and the tag is not removed at the time of purchase, and the customer resides more than a fifteen (15) minute commute from the retailer, the retailer shall reimburse the customer for mailing costs incurred by the customer in returning the item of clothing for […]
§ 47-50-118. Refund on Purchase Price of Ticket for Cancelled Performance or Event
Upon cancellation of any performance or event for which a ticket for admission is sold, the ticketing service company that contracts to sell tickets for such event or performance at retail ticket outlets shall refund to all ticket purchasers the purchase price of the ticket plus any service fees or charges paid by the purchaser […]
§ 47-50-119. Tentative Ticket Policy — Disclosure — Violation
A reseller shall not utilize a tentative ticket policy, unless disclosed to a ticket purchaser at the outset of the transaction, under which the reseller sells tickets that are not: Owned by the reseller; Under contract or any other agreement to be transferred to the reseller; or In the reseller’s possession at the time of […]
§ 47-50-104. Failure of Consideration — Defense
The want or failure, in whole or in part, of the consideration of a written contract, may be shown as a defense, total or partial, as the case may be, in an action on such contract, brought by anyone who is not an innocent and bona fide holder. Code 1858, § 1806 (deriv. Acts 1849-1850, […]
§ 47-50-105. Nonnegotiable Orders for Payment of Money
When any person, by a nonnegotiable order in writing, signed by the person’s proper hand, directs the payment of any money in the hands of another person, to any person whatsoever, or to the bearer, the money shall, by virtue thereof, be due and payable to the person to whom the order is drawn payable. […]