Timekeep Watches,Inc.,ships an assortment of timepieces to Unique Jewelers,Inc.,which agrees to pay for items that are not returned within six months.This is

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This is a sale or return agreement because Timekeep Watches, Inc. is sending an assortment of timepieces to Unique Jewelers, Inc. and Unique Jewelers, Inc. is agreeing to pay for the items that are not returned within six months. This means that it is not a straight sale or a consignment, where the items are sent to the retailer to sell on behalf of the supplier. It is also not a sale on approval, where the retailer has the option to return the items even after they have been paid for. Therefore, the best choice is a sale or return agreement.