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What do you mean by sale on approval or return? - Commercial Studies

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Question

What do you mean by sale on approval or return?

Answer in Brief

Solution

  1. Sale on approval or return means the buyer can approve and purchase the goods or return them back to the seller.
  2. Such sale is at the option of the consignee (receiver of goods). The sender of goods (consign or) can claim payment only after the consignee approves and buys the goods.
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Basic Concepts Under the Consumer Protection Act
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Chapter 4: Consumer Protection - QUESTION BANK [Page 57]

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Goyal Brothers Prakashan Commercial Studies [English] Class 10 ICSE
Chapter 4 Consumer Protection
QUESTION BANK | Q 7. | Page 57
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