No. The decal you purchase is for personal use. It is not intended for you to place on items for resale as this would be a trademark infringement because the college did not license you the right nor did they endorse the product you would be selling.
If it were only that easy ;)
You may be able to acquire a license to offically sell branded products, but you will have to explore that.
I suggest you discuss any of your plans with a lawyer before executing just to make sure you are not placing yourself in peril.
Most of us here, including myself, offer a free phone consult.
The law firm of Natoli-Lapin, LLC (Home of Lantern Legal Services) offers our flat-rate legal services in the areas of business law and intellectual property to entrepreneurs, small-to-medium size businesses, independent inventors and artists across the nation and abroad. Feel free to call for a free phone consultation; your inquiries are always welcome: CONTACT: 866-871-8655 Support@LanternLegal.com DISCLAIMER: this is not intended to be specific legal advice and should not be relied upon as such. No attorney-client relationship is formed on the basis of this posting.
No. The licensed decal contains the trademark of the college.
A person buying your wagon would think the wagon was made specifically for the college or they somehow endorse, sponsor, approve of the use of their mark on the wagon.
Trademark laws were created over the centuries to protect from exactly this type of abuse of the reputation of the mark.
That being said, if you made one wagon and sold it to your best friend who is a Sooner fan to put on his mantle, then I doubt anyone will care, but that does not make it legal.
My disclaimer is simply that Avvo already has an adequate disclaimer.