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Rhode Island General Laws 6A-2-326. Sale on approval and sale or return -- rights of creditors

Rhode Island General Laws > Title 6A > Chapter 6A-2 > § 6A-2-326 - Sale on approval and sale or return -- rights of creditors


Current as of: 2009

(1) Unless otherwise agreed, if delivered goods may be returned by the buyer even though they conform to the contract, the transaction is:

   (a) a "sale on approval" if the goods are delivered primarily for use; and

   (b) a "sale or return" if the goods are delivered primarily for resale.

   (2) Goods held on approval are not subject to the claims of the buyer's creditors until acceptance; goods held on sale or return are subject to such claims while in the buyer's possession.

   (3) Any "or return" term of a contract for sale is to be treated as a separate contract for sale within the statute of frauds section of this chapter (§ 6A-2-201) and as contradicting the sale aspect of the contract within the provisions of this chapter on parol or extrinsic evidence (§ 6A-2-202).

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Questions & Answers: Sales (UCC Article 2)

I just purchased a membership with Vacation Inspirations a wholesale travel site in Charleston for 2750 I get home and look on Internet it has many many complaints as a scam outfit...
Karen, How was the purchase made? Over the Internet? In your home? Over the telephone? "Buyer's remorse" laws vary by what type of product or service is involved and how the sa...
Thanks Steve, I guess the new scam in charleston is to get tourists when booking tours to just go to a 45 minute travel membership seminar,unfortunely we did purchase this for 2750...
Karen, Obviously you'll want to immediately contact them to cancel and demand a refund. I'm not familiar with whatever contract you may have signed, so you should take a look at it...
I'm selling my parents' home and have been renting to someone with them going to buy. I have a contract with them and the time is running out and their lawyer has not setting with ...
Jeanie, What is the rental arrangement exactly? Is there a written lease? Is it month-to-month or week-to-week? If they stay beyond the expiration date, whatever that is, you hav...

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Rhode Island General Laws > Chapter 6A-2. Sales
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