In a sale on approval, the risk of loss and title to the goods remain with seller till the buyer's acceptance.

Name: In a sale on approval, the risk of loss and title to the goods remain with seller till the buyer's acceptance.
Brand: Quizplus
Rating: 4.8 (55 reviews)

Question

Quizplus · Accepted Answer

In a sale on approval, the seller retains ownership of the goods until the buyer accepts them. As a result, the seller bears the risk of loss until the buyer decides to keep the goods.

In a Sale on Approval, the Risk of Loss and Title