Billy enters into a contract with Computer,Inc.Computer,Inc.will send Billy 50 touch-screen computers.Computer,Inc.will allow Billy to sell the computers and to return whatever remains unsold within 30 days.Billy keeps the entire amount that he sells the computers for.What type of conditional sale is this?
A) sale or return
B) sale on approval
C) consignment
D) bailment
E) no-sale, no-cost

Question

Quizplus · Accepted Answer

This is a sale or return agreement, as Billy has possession of the computers and can sell them, but has the option to return any unsold inventory within 30 days. Additionally, he keeps the entire amount of the sales, indicating that he has taken full ownership and responsibility for the goods until he chooses to return them.

Billy Enters into a Contract with Computer,Inc