N.Y. General Business Law § 780: Definitions

§ 780. Definitions. When used in this article, the following terms,

unless the context requires otherwise, shall have the following

meanings.

1. "Vendee" means any individual or individuals who have contracted

with a vendor for construction of a home on land not owned at the time

of such agreement by such individual or individuals.

2. "Vendor" means any person, firm, corporation, or association

engaged in the business of erecting or constructing homes.

3. "Home" means a new one or two family dwelling intended to be used

primarily as a residence.

4. "Municipality" means any town, village or city.

5. "Default" occurs where title to the home is not transferred to the

vendee because of the failure of the vendor to substantially perform

those provisions of the agreement between the vendor and vendee wherein

vendor undertook to build or construct a home for the vendee, or where

the vendor becomes insolvent.

6. "Deposit" means any moneys given as down payment by the vendee to

the vendor as required by the vendor prior to the commencement of the

work to be performed pursuant to an agreement between the vendor and

vendee wherein vendor undertook to build or construct a home for the

vendee.

7. "Demand" means communication of an actual notice to the vendor of

requests made therein.