Section 232.3 - DefinitionsThe following words and phrases when used in this act shall have the meanings given to them in this section unless the context clearly indicates otherwise:
"Chain of distribution." All parties involved in the sale and resale of consumer goods and services, including any manufacturer, supplier, wholesaler, distributor or retail seller.
"Consumer goods or services." Those items used, bought or rendered primarily for personal, family or household purposes.
"Replacement cost." The term includes:
(2) costs that are a result of a contract where consumer goods or services are priced on a formula that references published market prices;(3) the actual cost of replacing goods or services being sold; or(4) the reasonably contemplated cost of replacing goods or services being sold based on information available at the time of the increase in price. "Unconscionably excessive." A price is unconscionably excessive when the amount charged represents a gross disparity between the price of the consumer goods or services and the price at which the consumer goods or services were sold or offered for sale within the chain of distribution in the usual course of business seven days immediately prior to the state of disaster emergency.2006, Oct. 31, P.L. 1210, No. 133, §3, effective in 60 days [ 1/2/2007].