§ 6-14-11.1 - Purchase of stock or inventory following a sale.
SECTION 6-14-11.1
§ 6-14-11.1 Purchase of stock or inventoryfollowing a sale. – (a) It shall be unlawful for any person who purchases from another theremaining stock or inventory or a portion of the stock or inventory remainingfrom a "closing out sale," "going out of business sale," "discontinuance ofbusiness sale," "selling out," "liquidation," "lost our lease," "must vacate,""forced out," "removal," or other designation of like meaning, or a sale ofgoods, wares, and merchandise damaged by fire, smoke, water, or otherwise, orwho purchases stock or inventory from a person who no longer sells similarmerchandise at the same location, to engage in the following conduct:
(1) To advertise that the stock previously belonging to theoriginal person or business is being offered for sale unless it is clearlystated what portion of the total merchandise as a percentage of the totaldollar value of the entire inventory being offered for sale is the goods thatwere purchased from the original person or business.
(2) To offer for sale stock previously belonging to theoriginal person or business along with additional merchandise unless itemsbelonging to the original person or business are clearly labeled as such.
(b) Any person who shall violate the provisions of thissection shall be deemed guilty of a misdemeanor, and shall, upon conviction, befined in the sum of not less than fifty dollars ($50.00) nor more than fivehundred dollars ($500), or shall be imprisoned for not less than ten (10) daysnor more than six (6) months, or both, within the discretion of the court. Inlieu of or in addition to the penalty previously provided in this subsection,the court may order the defendant to pay to the court a sum not to exceed fivehundred dollars ($500) for the purpose of paying for an advertisement, preparedby the department of the attorney general, for placement in Rhode Islandnewspapers, pointing out the violation(s) of this section as presented in thefalse advertising, provided that the advertisement shall not indicate the nameor address of the person convicted under the provisions of this section.