§ 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.