Sale or Return Law and Legal Definition

Sale or return is also known as sale and return. Sale or return is a kind of sale in which the buyer may return the goods to the seller, regardless of whether they conform to the contract, if the goods were delivered primarily for resale. This transaction is a type of consignment where the seller sells goods to the buyer, and then the buyer tries to resell the goods, but a buyer who cannot resell is allowed to return them to the seller. Title and risk of loss are with the buyer until the goods are returned.