- sale on approval
sale on approval see sale
Merriam-Webster’s Dictionary of Law. Merriam-Webster. 1996.
- sale on approval
n. A transaction (usually involving goods) in which the buyer is permitted to use goods for a period, and then return them if they do not meet the buyer's needs or expectation, even though the goods are not defective. If the goods were delivered for resale, the transaction is a sale and return or a consignment.
Webster's New World Law Dictionary. Susan Ellis Wild. 2000.
Look at other dictionaries:
sale on approval — A species of conditional sale, which is to become absolute only in case the buyer, on trial, approves or is satisfied with the article sold. The approval, however, need not be express; it may be inferred from his keeping the goods beyond a… … Black's law dictionary
sale on approval — A sale of personal property, sometimes called a sale on trial, which is subject to a condition precedent, namely the approval of the buyer, the latter having the right to reject the property as not suitable to his needs upon timely notice given… … Ballentine's law dictionary
sale on approval — noun a) The selling of something to a consumer on condition that the latter may return it. b) A sale under this mechanism … Wiktionary
approval — I noun acceptance, accord, acknowledgment, acquiescence, adoption, affirmance, affirmation, agreement, allowance, approbatio, approbation, assent, assurance, authentication, authorization, comprobatio, concordance, concurrence, confirmation,… … Law dictionary
sale — A contract between two parties, called, respectively, the seller (or vendor) and the buyer (or purchaser), by which the former, in consideration of the payment or promise of payment of a certain price in money, transfers to the latter the title… … Black's law dictionary
approval — The act of confirming, ratifying, assenting, sanctioning, or consenting to some act or thing done by another. Approval implies knowledge and exercise of discretion after knowledge. McCarten v. Sanderson, 111 Mont. 407, 109 P.2d 1108, 1112. The… … Black's law dictionary
approval sale — A sale on approval. 46 Am J1st Sales § 492 … Ballentine's law dictionary
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 with right of redemption — A sale in which vendor reserves right to take back property by returning price paid. See also sale on approval sale or return, above … Black's law dictionary
sale on option — See option; sale on approval … Ballentine's law dictionary