Under sales on return or approval basis, the ownership of goods is passed only
A)When the retailer gives his approval
B)If the goods are not returned within specified period.
C)Both (a) and (b)
D)None of the above

Question

Quizplus · Accepted Answer

Ownership of goods in sales on return or approval basis is passed to the retailer either when they give their approval or if they do not return the goods within a specified period.

Under Sales on Return or Approval Basis, the Ownership of Goods