When a purchaser takes title to goods but has the right to return them within a specified or reasonable time, the purchaser must assume all the obligations of ownership while the goods are in his or her possession.

Question

Quizplus · Accepted Answer

When a purchaser takes title to goods, they assume all the obligations of ownership, including the responsibility for loss or damage. Even if the purchaser has the right to return the goods, they still have ownership and responsibility while the goods are in their possession.

When a Purchaser Takes Title to Goods but Has the Right