sale or return

sale or return
A sale defeasible upon condition subsequent, title to the goods passing to the purchaser, subject to being divested out of him and revested in the seller by a return of the goods according to the terms of the contract. Anno: 52 ALR 596; 46 Am J1st Sales §480.

Ballentine's law dictionary. . 1998.

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  • 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 — 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… …   Black's law dictionary

  • 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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