KRS 365.040: Exceptions to KRS 365.030.

The provisions of KRS 365.030 do not apply to any sale made:

(1) In closing out in good faith the owner's stock or any part thereof for the purpose of

discontinuing his trade in any such stock or commodity, or in disposing of

seasonable goods to prevent l oss to the vendor by depreciation, or in disposing of

perishable goods to prevent loss to the vendor by spoilage, if notice is given to the

public thereof.

(2) When the goods are damaged or deteriorated in quality and notice is given to the

public thereof.

(3) By an officer acting under the orders of any court.

(4) In an endeavor made in good faith to meet the legal prices of a competitor selling

the same article or product, or service or output of a service trade, in the same

locality or trade area.