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Code · Illinois · Chapter 815 — BUSINESS TRANSACTIONS · Act 360

Sec. 3. As used in this Act:.

140 words·~1 min read·/il/chapter-815/act-360/3

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Sec. 3. As used in this Act:
(a)"Consumer goods" means tangible personal property used or bought for use primarily for personal, family or household purposes.
(b)"Buyer" or "retail buyer" means any individual who buys consumer goods for his own use or the use of another and not for resale from a person engaged in the business of manufacturing, distributing or selling such goods.
(c)"Retail seller", "seller" or "retailer" means any individual, partnership, corporation, association or other legal entity which engages in the business of selling consumer goods to retail buyers.
(d)"Lay Away Plan" means any plan whereby a seller of consumer goods offers such goods for sale to the public on terms which permit periodic payment for such goods, and with respect to which, delivery is deferred until completion of payment of the entire purchase price.
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