If a wholesaler, manufacturer, or distributor refuses to buy back inventory from a retailer like the law says they have to, they owe the retailer the full price of that inventory, plus any shipping costs the retailer paid, plus the retailer's lawyer fees and court costs.
407.875. for failure to . — If any , or shall fail or refuse to repurchase any inventory as required by section 407.860, he shall be for one hundred percent of the of the inventory, plus any freight charges paid by the , the retailer's , and .
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Source & history notes
(L. 1982 H.B. 958 § 6)
Related Missouri laws
Inventory which does not qualify for repurchase
RSMo 407.870
Death of retailer or majority stockholder
RSMo 407.880
Repurchase not to affect security interest in inventory and to be subject to bulk sales law
RSMo 407.865
Application to existing contracts and future contracts
RSMo 407.885
Inventory qualifying for repurchase
RSMo 407.860
Reimbursement for warranty work performed by certain retail sellers of power equipment
RSMo 407.857
Legal information, not legal advice. Always confirm with the official source at revisor.mo.gov.