In a __________, no sale takes place (meaning there is no transfer of title) until the buyer accepts the goods.

Question

Quizplus · Accepted Answer

In a sale on approval, the buyer has the right to accept or reject the goods after they have been delivered. No title transfer occurs until the buyer accepts the goods, making it different from the other options provided. In a conditional sale, the transfer of title is conditional on the occurrence of a specific event, such as the buyer making all payments. In a contingency sale, the transfer of title is contingent on an uncertain future event, such as the buyer's ability to secure financing. In a sale or return, the sale does take place initially, but the buyer has the option to return the goods for a refund within a specified period.

In a __________, No Sale Takes Place (Meaning There Is