Sec. 15-1. Definitions.
For the purposes of this Chapter, the following words and phrases shall have the meanings respectively ascribed to them by this Section:
Fire and other altered good sale. A sale held out in such a manner as to reasonably cause the public to believe that the sale will offer goods damaged or altered by fire, smoke, water or other means.
Going-out-of-business sale. A sale held out in such a manner as to reasonably cause the public to believe that upon the disposal of the stock of goods on hand the business will cease and be discontinued, including but not limited to the following sales:
Adjuster’s
Adjustment
Alteration
Assignee’s
Bankrupt
Benefit of administrator’s
Benefit of creditor’s
Benefit of trustees
Building coming down
Closing
Creditor’s committee
Creditor’s
End
Executor’s
Final days
Forced out
Forced out of business
Insolvent’s
Last days
Lease expires
Liquidation
Loss of lease
Mortgage
Receiver’s
Trustee’s
Quitting business
Any sale advertised as disposing of all or substantially all of the goods and wares of a business shall be rebuttably presumed to be for the purpose of going out of business.
Goods. Any goods, wares, merchandise or other property capable of being the object of a sale regulated in this Chapter.
Removal of business sale. A sale held out in such a manner as to reasonably cause the public to believe that the person conducting the sale will cease and discontinue business at the place of sale upon disposal of the stock of goods on hand and will then move to and resume business at a new location in the City or will then continue business from other existing locations in the City.