(a) Under a sale on approval unless otherwise agreed
(1) although the goods are identified to the contract the risk of loss and the title do not pass to the buyer until acceptance; and
(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 any reasonable instructions.
(b) Under a sale or return unless otherwise agreed
(1) the option to return extends to the whole or any 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.
History. Acts 1961, No. 185, § 2-327; A.S.A. 1947, § 85-2-327.
Structure Arkansas Code
Title 4 - Business and Commercial Law
Subtitle 1 - Uniform Commercial Code
Part 3 - General Obligation and Construction of Contract
§ 4-2-301. General obligation of parties
§ 4-2-302. Unconscionable contract or clause
§ 4-2-303. Allocation or division of risks
§ 4-2-304. Price payable in money, goods, realty, or otherwise
§ 4-2-306. Output, requirements, and exclusive dealings
§ 4-2-307. Delivery in single lot or several lots
§ 4-2-308. Absence of specified place for delivery
§ 4-2-309. Absence of specific time provisions — Notice of termination
§ 4-2-310. Open time for payment or running of credit — Authority to ship under reservation
§ 4-2-311. Options and cooperation respecting performance
§ 4-2-312. Warranty of title and against infringements — Buyer's obligation against infringement
§ 4-2-313. Express warranties by affirmation, promise, description, sample
§ 4-2-314. Implied warranty — Merchantability — Usage of trade
§ 4-2-315. Implied warranty — Fitness for particular purpose
§ 4-2-316. Exclusion or modification of warranties
§ 4-2-317. Cumulation and conflict of warranties express or implied
§ 4-2-318. Third party beneficiaries of warranties express or implied
§ 4-2-319. F.O.B. and F.A.S. terms
§ 4-2-320. C.I.F. and C. & F. terms
§ 4-2-323. Form of bill of lading required in overseas shipment — “Overseas”
§ 4-2-324. “No arrival, no sale” term
§ 4-2-325. “Letter of credit” term — “Confirmed credit”
§ 4-2-326. Sale on approval and sale or return — Rights of creditors
§ 4-2-327. Special incidents of sale on approval and sale or return