Suppliers only have to repurchase new, unused equipment from dealers under Delaware’s Equipment Dealer Contracts Statute, the state Supreme Court has ruled in answering a question certified from the Third Circuit.
The en banc court’s June 16 decision in Terex v. Southern Track & Pump ruled the statute’s silence on the suppliers’ obligations to repurchase used equipment when a distributor agreement was terminated meant there was no obligation to repurchase the used inventory.
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