Term
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Definition
| A type of conditional sale in which title and possession pass from the seller to the buyer, but the buyer retains the option to return the goods during a specified period even though the goods confrom to the contract. |
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Term
| In a Sale or return contract the buyer is required to pay for any goods... |
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Definition
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Term
| In a Sale or Return Contract when the buyer receives possession of the goods under a sale-or-return contract... |
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Definition
| the title and risk of loss pass to the buyer. Title and risk of loss remain with the buyer until the buyer returns the goods to the seller within the time specified. If the buyer fails to return the goods iwthin this time period, the sale is finalized |
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Term
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Definition
| A transaction in which an owner of goods (the consignor) delivers the goods to another (the consignee) for the consignee to sell. The consignee pays the consignor only for the goods that are sold by the consignee. |
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Term
| The UCC treats a consignment as a sale or return |
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Definition
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