Maine Revised Statutes
Part 3: GENERAL OBLIGATION AND CONSTRUCTION OF CONTRACT
11 §2-326. Sale on approval and sale or return; rights of creditors

§2-326. Sale on approval and sale or return; rights of creditors
(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.  
[PL 1999, c. 699, Pt. B, §8 (RP); PL 1999, c. 699, Pt. B, §28 (AFF).]
(3). 
[PL 1999, c. 699, Pt. B, §8 (RP); PL 1999, c. 699, Pt. B, §28 (AFF).]
(4).  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 Article (section 2‑201) and as contradicting the sale aspect of the contract within the provisions of this Article on parol or extrinsic evidence (section 2‑202).  
SECTION HISTORY
PL 1999, c. 699, §B8 (AMD). PL 1999, c. 699, §B28 (AFF).

Structure Maine Revised Statutes

Maine Revised Statutes

TITLE 11: UNIFORM COMMERCIAL CODE

Article 2: SALES

Part 3: GENERAL OBLIGATION AND CONSTRUCTION OF CONTRACT

11 §2-301. General obligations of parties

11 §2-302. Unconscionable contract or clause

11 §2-303. Allocation or division of risks

11 §2-304. Price payable in money, goods, realty or otherwise

11 §2-305. Open price term

11 §2-306. Output, requirements and exclusive dealings

11 §2-307. Delivery in single lot or several lots

11 §2-308. Absence of specified place for delivery

11 §2-309. Absence of specific time provisions; notice of termination

11 §2-310. Open time for payment or running of credit; authority to ship under reservation

11 §2-311. Options and cooperation respecting performance

11 §2-312. Warranty of title and against infringement; buyer's obligation against infringement

11 §2-313. Express warranties by affirmation, promise, description, sample

11 §2-314. Implied warranty: merchantability; usage of trade

11 §2-315. Implied warranty: fitness for particular purpose

11 §2-316. Exclusion or modification of warranties

11 §2-317. Cumulation and conflict of warranties express or implied

11 §2-318. When lack of privity no defense in action against manufacturer, seller or supplier of goods

11 §2-319. F.O.B. and F.A.S. terms

11 §2-320. C.I.F. and C.& F. terms

11 §2-321. C.I.F. or C.& F.: "net landed weights"; "payment on arrival"; warranty of condition on arrival

11 §2-322. Delivery "exship"

11 §2-323. Forms of bill of lading required in overseas shipment; "overseas"

11 §2-324. "No arrival, no sale" term

11 §2-325. "Letter of credit" term; "confirmed credit"

11 §2-326. Sale on approval and sale or return; rights of creditors

11 §2-327. Special incidents of sale on approval and sale or return

11 §2-328. Sale by auction