sale on approval

sale on approval definition - legal

n

A transaction (usually involving goods) in which the buyer is permitted to use goods for a period, and then return them if they do not meet the buyerÂ’s needs or expectation, even though the goods are not defective. If the goods were delivered for resale, the transaction is a sale and return or a consignment.

Webster's New World Law Dictionary Copyright © 2006 by Wiley Publishing, Inc., Hoboken, New Jersey.
Used by arrangement with John Wiley & Sons, Inc.

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