2.326 – SALE ON APPROVAL AND SALE OR RETURN; RIGHTS OF
Texas Business and Commerce Code § 2.326
Summary
This law distinguishes between 'sale on approval' and 'sale or return' transactions, affecting how goods can be returned. It clarifies the rights of buyers and their creditors regarding goods that may be returned, depending on the primary purpose of the sale.
Defines 'sale on approval' and 'sale or return'.
Goods can be returned even if they conform to the contract.
Creditors cannot claim goods held on approval until acceptance.
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In simple terms: Learn about Texas's SALE ON APPROVAL AND SALE OR RETURN; RIGHTS OF law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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