Terex Corporation, et al. v. Southern Track & Pump, Inc.

A dispute pending before the United States Court of Appeals for the Third Circuit turned on the interpretation of Delaware’s Equipment Dealer Contracts Statute, 6 Del. C. sec. 2720, et seq. (the “Dealer Statute”). The Third Circuit certified a question of Delaware law to the Delaware Supreme Court: "[d]oes a supplier’s repurchase obligation under section 2723(a) of the Dealer Statute extend to used inventory or is it limited to “new, unused, undamaged and complete inventory” under section 2723(b)?" The Court answered the certified question of law by concluding that a supplier’s repurchase obligation under the Dealer Statute is limited to new, unused, undamaged, and complete inventory. View "Terex Corporation, et al. v. Southern Track & Pump, Inc." on Justia Law