Chapter 3-Effects of the contract
- Document type
- Other
- Dated
- Category
- Central Excise Acts
Goods sent on approval or"on sale or return"
24. Goods sent on approval or "on sale or return". -
When goods are delivered to the buyer on approval or "on sale or return" or other similar terms, the property therein passes to the buyer -
(a) when he signifies his approval or acceptance to the seller or does any other act adopting the transaction;
(b) if he does not signify his approval or acceptance to the seller but retains the goods without giving notice of rejection, then, if a time has been fixed for the return of the goods on the expiration of such time, and, if no time has been fixed, on the expiration of a reasonable time.
When goods are delivered to the buyer on approval or "on sale or return" or other similar terms, the property therein passes to the buyer -
(a) when he signifies his approval or acceptance to the seller or does any other act adopting the transaction;
(b) if he does not signify his approval or acceptance to the seller but retains the goods without giving notice of rejection, then, if a time has been fixed for the return of the goods on the expiration of such time, and, if no time has been fixed, on the expiration of a reasonable time.