What is the difference between a sale on approval and a sale or return?
A) There is no difference between a sale on approval and a sale or return because you return the products under both scenarios.
B) Under a sale on approval you must return the goods within a reasonable time and under a sale or return you must return the goods within 30 days.
C) Under a sale on approval the risk of loss is with the buyer, but under a sale or return the risk of loss is with the seller.
D) Under a sale on approval the title is with the buyer, but under a sale or return the title is with the seller.
E) Under a sale on approval a buyer cannot resell the goods unless it is consistent with their use, but under a sale or return a buyer may resell goods as and return those that are unsold.

Question

Quizplus · Accepted Answer

The key difference between a sale on approval and a sale or return is that under a sale on approval, the buyer cannot resell the goods unless it is consistent with their use, while under a sale or return, the buyer may resell goods as well as return those that are unsold. It is important to note that the other options presented in the question are not accurate.

What Is the Difference Between a Sale on Approval and a Sale