365.040 Exceptions to KRS 365.030.
141 words·~1 min read·
/ky/chapter-365/365-040A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The provisions of KRS 365.030 do not apply to any sale made:
(1)In closing out in good faith the owner's stock or any part thereof for the purpose of
discontinuing his trade in any such stock or commodity, or in disposing of
seasonable goods to prevent loss to the vendor by depreciation, or in disposing of
perishable goods to prevent loss to the vendor by spoilage, if notice is given to the
public thereof.
(2)When the goods are damaged or deteriorated in quality and notice is given to the
public thereof.
(3)By an officer acting under the orders of any court.
(4)In an endeavor made in good faith to meet the legal prices of a competitor selling
the same article or product, or service or output of a service trade, in the same
locality or trade area.