2021 Tennessee Code
Part 3 - General Obligation and Construction of Contract
§ 47-2-326. Sale on Approval and Sale or Return — Consignment Sales and Rights of Creditors

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.
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 (§ 47-2-201) and as contradicting the sale aspect of the contract within the provisions of this chapter on parol or extrinsic evidence (§ 47-2-202).

Structure 2021 Tennessee Code

2021 Tennessee Code

Title 47 - Commercial Instruments and Transactions

Chapter 2 - Sales

Part 3 - General Obligation and Construction of Contract

§ 47-2-301. General Obligation of Parties

§ 47-2-303. Allocation or Division of Risks

§ 47-2-305. Open Price Term

§ 47-2-307. Delivery in Single Lot or Several Lots

§ 47-2-308. Absence of Specified Place for Delivery

§ 47-2-310. Open Time for Payment or Running of Credit — Authority to Ship Under Reservation

§ 47-2-312. Warranty of Title and Against Infringement — Buyer's Obligation Against Infringement

§ 47-2-313. Express Warranties by Affirmation, Promise, Description, Sample

§ 47-2-314. Implied Warranty — Merchantability — Usage of Trade

§ 47-2-315. Implied Warranty — Fitness for Particular Purpose — Exception for Certain Livestock

§ 47-2-316. Exclusion or Modification of Warranties

§ 47-2-317. Cumulation and Conflict of Warranties Express or Implied

§ 47-2-318. Third Party Beneficiaries of Warranties Express or Implied

§ 47-2-319. o.b. and f.a.s. Terms

§ 47-2-320. i.f. and C. & F. Terms

§ 47-2-321. i.f. or C. & F. — “Net Landed Weights” — “Payment on Arrival” — Warranty of Condition on Arrival

§ 47-2-323. Form of Bill of Lading Required in Overseas Shipment — “overseas.”

§ 47-2-324. “No Arrival, No Sale” Term

§ 47-2-326. Sale on Approval and Sale or Return — Consignment Sales and Rights of Creditors

§ 47-2-327. Special Incidents of Sale on Approval and Sale or Return