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2001 SESSION
Be it enacted by the General Assembly of Virginia:
1. That § 59.1-198 of the Code of Virginia is amended and reenacted as follows:
§ 59.1-198. Definitions.
As used in this chapter:
"Business opportunity" means the sale of any products, equipment, supplies or services which are sold to an individual for the purpose of enabling such individual to start a business to be operated out of his residence, but does not include a business opportunity which is subject to the Business Opportunity Sales Act, Chapter 21 (§ 59.1-262 et seq.) of this title.
"Consumer transaction" means:
1. The advertisement, sale, lease, license or offering for sale, or lease or
license, of goods or services to be used primarily for personal, family or
household purposes;
2. Transactions involving the advertisement, offer or sale to an individual of a business opportunity that requires both his expenditure of money or property and his personal services on a continuing basis and in which he has not been previously engaged;
3. Transactions involving the advertisement, offer or sale to an individual of goods or services relating to the individual's finding or obtaining employment; and
4. A layaway agreement, whereby part or all of the price of goods is payable in one or more payments subsequent to the making of the layaway agreement and the supplier retains possession of the goods and bears the risk of their loss or damage until the goods are paid in full according to the layaway agreement.
"Goods" means all real, personal or mixed property, tangible or intangible. For purposes of this chapter, intangible property includes but shall not be limited to "computer information" and "informational rights" in computer information as defined in § 59.1-501.2.
"Person" means any natural person, corporation, trust, partnership, association and any other legal entity.
"Services" includes but shall not be limited to work (i) work performed in the
business or occupation of the supplier, or (ii) work performed for the supplier
by an agent whose charges or costs for such work are transferred by the supplier to the consumer or purchaser as
an element of the consumer transaction, or (iii) the subject of an "access
contract" as defined in § 59.1-501.2.
"Supplier" means a seller, or lessor or licensor who advertises, solicits or
engages in consumer transactions, or a manufacturer, or distributor or licensor
who advertises and sells, or leases or licenses goods or services to be resold,
or leased or sublicensed by other persons in consumer transactions.