In a sale on approval:
A) possession but not title is transferred to the buyer for a stated period of time.
B) possession and title are transferred to the buyer for a stated period of time.
C) title but not possession is transferred to the buyer for a stated period of time.
D) title but not risk of loss remains with the seller until the buyer accepts the goods.

Question

Quizplus · Accepted Answer

In a sale on approval, the buyer is given possession of the goods for a certain period of time to decide whether to accept them, but the title (ownership) remains with the seller until the buyer decides to keep the goods.

In a Sale on Approval