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Which of the following is not a type of arrangement where goods may be returned to the seller? Group of answer choices sale of revocation sale on approval consignment sale sale or return

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Which of the following is not a type of arrangement where goods may be returned to the seller?
Group of answer choices
sale of revocation
sale on approval
consignment sale
sale or return

✅ Answers (1)

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Private answer

Which of the following is not a type of arrangement where goods may be returned to the seller?
Group of answer choices
sale of revocation
sale on approval
consignment sale
sale or return

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Answer

  • sale of revocation
    Explanation:
  • Sale-or-Return is an arrangement whereby the buyer purchases goods for the purpose of reselling them, and has the right to return the goods if the goods fail to be resold.
  • Sale on approval is a type of arrangement whereby a seller offers to sell goods to a buyer for trial basis. The buyer may return the goods during the trial period.
  • Under consignment, goods may be returned to the consignor if not sold.

 

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Answered on June 21, 2020 6:50 pm

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