(a) Under a sale on approval, unless otherwise agreed,

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Terms Used In Alaska Statutes 45.02.327

  • buyer: means a person who buys or contracts to buy goods. See Alaska Statutes 45.02.103
  • Contract: A legal written agreement that becomes binding when signed.
  • seller: means a person who sells or contracts to sell goods. See Alaska Statutes 45.02.103
  • Trial: A hearing that takes place when the defendant pleads "not guilty" and witnesses are required to come to court to give evidence.
(1) although the goods are identified to the contract, the risk of loss and the title do not pass to the buyer until acceptance;
(2) use of the goods consistent with the purpose of trial is not acceptance, but failure seasonably to notify the seller of election to return the goods is acceptance, and, if the goods conform to the contract, acceptance of any part is acceptance of the whole; and
(3) after due notification of election to return, the return is at the seller’s risk and expense but a merchant buyer must follow reasonable instructions.
(b) Under a sale or return, unless otherwise agreed,

(1) the option to return extends to the whole or a commercial unit of the goods while in substantially their original condition, but must be exercised seasonably; and
(2) the return is at the buyer’s risk and expense.
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