§ 2-326. Sale on approval and sale or return; consignment sales and rights of creditors.
This section is included in your selections.
A. Unless otherwise agreed, if delivered goods may be returned by the buyer even if they conform to the contract, the transaction is:
1. A “sale on approval” if the goods are delivered primarily for use; and
2. A “sale or return” if the goods are delivered primarily for resale.
B. Goods held on approval are not subject to the claims of the buyer’s creditors until acceptance; goods held on sale or return are subject to such claims while in the buyer’s possession.
C. Any “or return” term of a contract for sale is to be treated as a separate contract for sale under 27A ONC § 2-201 and as contradicting the sale aspect of the contract under 27A ONC § 2-202. ONCA 13-23, eff. Sept. 24, 2013.