sale on approval

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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sale on approval

sale on approval 试销 指卖方同意在规定期间内可以退货的条件下将货物提供给买方。超过规定期间没有退货或已将货物使用、处理等,均视为同意接受货物,买卖即成立。试销可以使买方从容考虑是否希望保留该货物,也使买方在可能的情况下能够转售。在试销期间,货物的所有权及相关风险损失均归于卖方。

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