sale or return

sale or return
A type of conditional sale wherein the goods may be returned to the seller though they conform to the contract if the goods are delivered primarily for resale. U.C.C. No.No. 2-326(1), (3), 2-327. A contract for sale of goods whereby title passes immediately to buyer subject to his option to rescind or return goods if he does not resell them. American Nat. Bank of Denver v. Christensen, 28 Colo.App. 501, 476 P.2d 281, 285.
See also sale on approval, above

Black's law dictionary. . 1990.

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Look at other dictionaries:

  • sale or return — ˌsale or reˈturn noun [uncountable] COMMERCE if a shop buys something on a sale or return basis, it can return the goods it is unable to sell * * * sale or return UK US noun [U] (UK ► COMMERCE a system in which goods are supplied to stores and… …   Financial and business terms

  • sale and return — sale or return or sale and return An arrangement by which a retailer may return to the wholesaler any goods not sold • • • Main Entry: ↑sale * * * sale and return, an arrangement whereby a retailer accepts goods from a wholesaler on condition… …   Useful english dictionary

  • sale or return — or sale and return An arrangement by which a retailer may return to the wholesaler any goods not sold • • • Main Entry: ↑sale …   Useful english dictionary

  • sale or return — see sale Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • sale or return — ► sale or return Brit. an arrangement by which a retailer takes a quantity of goods with the right to return unsold items without payment. Main Entry: ↑sale …   English terms dictionary

  • sale and return — A species of contract by which the seller (usually a manufacturer or wholesaler) delivers a quantity of goods to the buyer, on the understanding that, if the latter should desire to retain or use or resell any portion of such goods, he will… …   Black's law dictionary

  • sale or return — Terms of trade in which the seller agrees to take back from the buyer any goods that he has failed to sell, usually in a specified period. Some retail shops buy certain of their goods on sale or return …   Accounting dictionary

  • sale or return — Terms of trade in which the seller agrees to take back from the buyer any unsold goods, usually in a specified period. Some retail shops buy certain of their goods on sale or return …   Big dictionary of business and management

  • sale or return — noun a) The selling of goods to a retailer on condition that the latter may return any he has not sold. b) A sale (to a retailer) under this mechanism …   Wiktionary

  • sale or return — Brit. an arrangement by which a purchaser takes a quantity of goods with the right to return any surplus without payment. → sale …   English new terms dictionary

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