If goods delivered to a buyer are intended to be resold to consumers, the transaction is considered to be a sale on approval.

Question

Quizplus · Accepted Answer

A sale on approval implies that the buyer has the option to return the goods if they do not meet their satisfaction, which is different from a transaction where goods are intended to be resold to consumers, typically considered a wholesale transaction.

If Goods Delivered to a Buyer Are Intended to Be