Asked by Meghan Maratea on Jun 17, 2024
Verified
In a ________ contract,the goods are delivered to the buyer primarily for resale with the understanding that the buyer has the right to return them.
A) sales
B) buy and sell
C) sale or return
D) supply of goods
Sale or Return
Sale or return is a purchasing agreement where the buyer can return unsold goods to the seller instead of paying for them, typically used in consignment and retail contexts.
- Understand the nuances between sales contract types such as sale on approval versus sale or return, and their implications on the risk of loss and transfer of title.
Verified Answer
HD
Honey DhullJun 18, 2024
Final Answer :
C
Explanation :
In a sale or return contract,the goods are delivered to the buyer primarily for resale with the understanding that the buyer has the right to return them.Unless the parties agreed to the contrary,title and risk of loss rest with the buyer.
Learning Objectives
- Understand the nuances between sales contract types such as sale on approval versus sale or return, and their implications on the risk of loss and transfer of title.