In a conditional sales contract,a contract is a ______ when the seller and buyer agree that the buyer may return the goods at a later time.
A) Sale-on-approval contract
B) Sale-or-return contract
C) Condition-or-sale contract
D) Return-or-purchase
E) Return-or-sale

Question

Quizplus · Accepted Answer

When a conditional sales contract is involved, a sale-or-return contract occurs when the seller and buyer agree that the buyer may return the goods at a later time.

In a Conditional Sales Contract,a Contract Is a ______ When