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R

RETIRE

by Law Professor

1. To cease permanently from productivity. 2. To cease working permanently and leave the employment sector. 3. To leave a room to go elsewhere for a prolonged period, such as a jury retiring from a courtroom to deliberate privately in the jury room. 4. As applied to bills of exchange, this word is ambiguous. It is commonly used of an indorser who takes up a bill by handing the … [Read more...] about RETIRE

RETRAIT

by Law Professor

Fr. In old French and Canadian law. The taking back of a fief by the seignior, in case of alienation by the vassal. A right of pre-emption by the seignior, in case of sale of the land by the grantee. … [Read more...] about RETRAIT

RETAIL INSTALLMENT CONTRACT

by Law Professor

A specific contract in the retail industry where a buyer of goods agrees to make installment payments for the items along with finance charges or other provisions which make the end price of the purchase more than if the purchase had been made outright at the time of sale. The installments represent the interest or cost of the extension of credit to the buyer. … [Read more...] about RETAIL INSTALLMENT CONTRACT

RETAILER

by Law Professor

A business that sells goods to consumers (as opposed to other businesses). … [Read more...] about RETAILER

RETAILER OF MERCHANDISE

by Law Professor

One who deals in merchandise by selling it in smaller quantities than he buys, generally with a view to profit. … [Read more...] about RETAILER OF MERCHANDISE

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