sale or return

sale or return

A sale in which the buyer may return the goods to the seller, regardless of whether they conform to the contract, if the goods were delivered primarily for resale.

? This transaction is a type of consignment in which the seller (usu. a distributor) sells goods to the buyer (often a retailer), who then tries to resell the goods, but a buyer who cannot resell is allowed to return them to the seller. Title and risk of loss are with the buyer until the goods are returned. UCC ¡ì 2-326(1)(b).

¡ª Also termed sale and return. [Cases: Sales 168.5(.5). C.J.S. Sales ¡ì¡ì 165¨C166, 190.]


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