12:09
need to send in my berkeley app rawwwww
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LSDefine
Simple English definitions for legal terms
dealer
Read a random definition: pensio
A quick definition of dealer:
A dealer is someone who sells things to people. They can sell things like cars or clothes in a store. They can also sell things like stocks or bonds in the stock market. Sometimes they help other people buy or sell these things too.
A more thorough explanation:
A dealer is a person or business that buys and sells goods or services. In the legal context, there are two common definitions:
A dealer can be a retailer who buys goods or services from a supplier and then sells them to consumers. For example, a car dealership is a dealer that buys cars from manufacturers and sells them to customers.
In securities law, a dealer is a person who buys and sells securities, such as stocks and bonds, on behalf of others. This can include acting as an agent, broker, or principal in these transactions. For example, a stockbroker is a dealer who helps clients buy and sell stocks.
One example of a legal case involving a dealer is Beck Chevrolet Co. v. General Motors LLC. In this case, a car dealership sued General Motors for breach of contract. The court had to determine whether the dealership was a dealer in the legal sense, which would affect the outcome of the case.