Legal Definition and Related Resources of On Approval, Sale
Meaning of On Approval, Sale
A transaction of sale of goods where a seller takes a business risk in delivering goods to a buyer on the understanding that they are to remain the property of the seller until they are accepted by the purchaser on being satisfied of the appearance , quality or performance of the goods. §2-326 of U.C.C. provides that, unless otherwise agreed, where delivered goods may be returned by the buyer even though they conform to the contract , the transaction is a sale on approval if the goods are delivered primarily for use.
Related Entries of On Approval, Sale in the Encyclopedia of Law Project
Browse or run a search for On Approval, Sale in the American Encyclopedia of Law, the Asian Encyclopedia of Law, the European Encyclopedia of Law, the UK Encyclopedia of Law or the Latin American and Spanish Encyclopedia of Law.
On Approval, Sale in Historical Law
You might be interested in the historical meaning of this term. Browse or search for On Approval, Sale in Historical Law in the Encyclopedia of Law.
Legal Abbreviations and Acronyms
Search for legal acronyms and/or abbreviations containing On Approval, Sale in the Legal Abbreviations and Acronyms Dictionary.
Related Legal Terms
You might be also interested in these legal terms: