sale and return

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 consider such part as having been sold to him, and will pay their price, and the balance he will return to the seller, or hold them, as bailee, subject to his order. Sturm v. Boker, 150 U.S. 312, 14 S.Ct. 99, 37 L.Ed. 1093.
Under "contract of sale and return" title vests immediately in buyer, who has privilege of rescinding sale, and until privilege is exercised title remains in him.
See U.C.C. No. 2-326

Black's law dictionary. . 1990.

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