Three provisions of a sale on approval contract include ________. (Choose three correct answers.)Multiple select question.A buyer is given the opportunity to examine or try the goods so as to decide whether to accept them.Goods are delivered to a buyer primarily for resale with the understanding that the buyer has the right to return them.Any use of goods that is consistent with a trial of the goods is not an acceptance.A buyer who fails to give reasonable notice of an intent to return goods may be held to have rejected them.Risk of loss and title to goods do not pass to a buyer until the buyer accepts the goods.
Question
Three provisions of a sale on approval contract include ________. (Choose three correct answers.)Multiple select question.A buyer is given the opportunity to examine or try the goods so as to decide whether to accept them.Goods are delivered to a buyer primarily for resale with the understanding that the buyer has the right to return them.Any use of goods that is consistent with a trial of the goods is not an acceptance.A buyer who fails to give reasonable notice of an intent to return goods may be held to have rejected them.Risk of loss and title to goods do not pass to a buyer until the buyer accepts the goods.
Solution
The three correct provisions of a sale on approval contract include:
- A buyer is given the opportunity to examine or try the goods so as to decide whether to accept them.
- Any use of goods that is consistent with a trial of the goods is not an acceptance.
- Risk of loss and title to goods do not pass to a buyer until the buyer accepts the goods.
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