§ 6A-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.
(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).
History of Section.P.L. 1960, ch. 147, § 1; P.L. 2000, ch. 182, § 8; P.L. 2000, ch. 420, § 8.
Structure Rhode Island General Laws
Title 6A - Uniform Commercial Code
Part 3 - General Obligation and Construction of Contract
Section 6A-2-301. - General obligations of parties.
Section 6A-2-302. - Unconscionable contract or clause.
Section 6A-2-303. - Allocation or division of risks.
Section 6A-2-304. - Price payable in money, goods, realty, or otherwise.
Section 6A-2-305. - Open price term.
Section 6A-2-306. - Output, requirements, and exclusive dealings.
Section 6A-2-307. - Delivery in single lot or several lots.
Section 6A-2-308. - Absence of specified place for delivery.
Section 6A-2-309. - Absence of specific time provisions — Notice of termination.
Section 6A-2-311. - Options and cooperation respecting performance.
Section 6A-2-313. - Express warranties by affirmation, promise, description, or sample.
Section 6A-2-314. - Implied warranty — Merchantability — Usage of trade.
Section 6A-2-315. - Implied warranty — Fitness for particular purpose.
Section 6A-2-316. - Exclusion or modification of warranties.
Section 6A-2-317. - Cumulation and conflict of warranties express or implied.
Section 6A-2-318. - Third party beneficiaries of warranties express or implied.
Section 6A-2-319. - F.O.B. and F.A.S. terms.
Section 6A-2-320. - C.I.F. and C. & F. terms.
Section 6A-2-322. - Delivery “ex-ship”.
Section 6A-2-323. - Form of bill of lading required in overseas shipment — “Overseas”.
Section 6A-2-324. - “No arrival, no sale” term.
Section 6A-2-325. - “Letter of credit” term — “Confirmed credit”.
Section 6A-2-326. - Sale on approval and sale or return — Rights of creditors.
Section 6A-2-327. - Special incidents of sale on approval and sale or return.