sale on approval

A sale in which completion hinges on the buyer’s satisfaction, regardless of whether the goods conform to the contract.

• Title and risk of loss remain with the seller until the buyer approves. UCC § 2-326(1)(a).

— Also termed approval sale. [Cases: Sales 168.5(.5). C.J.S. Sales §§ 165–166, 190.]

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词条贡献者

译者Joanne，毕业于亚洲顶尖的高级翻译学院，擅长翻译各种与房地产业相关的法律文件。