SALE AND RETURN.
\sˈe͡ɪl and ɹɪtˈɜːn], \sˈeɪl and ɹɪtˈɜːn], \s_ˈeɪ_l a_n_d ɹ_ɪ_t_ˈɜː_n]\
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When goods are sent from a manufacturer or wholesale dealer to a retail trader, in the hope that he may purchase them, with the understanding that what he may choose to take he shall have as on a contract of sale, and what he does not take he will retain as a consignee for the owner, the goods are said to have been sent on sale and return.
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The goods taken by the receiver as on a sale, will be considered as sold, and the title to them is vested in the receiver of them; the goods he does not buy are considered as a deposit in the hands of the receiver of them, and the title is in the person who sent them. 1 Bell's Com., 268, 5th ed.
By John Bouvier
Word of the day
Dopamine Acetyltransferase
- An enzyme that catalyzes the of groups from acetyl-CoA to arylamines. They have wide specificity for aromatic amines, particularly serotonin, and can also catalyze acetyl transfer between arylamines without CoA. EC 2.3.1.5.
Nearby Words
- salcombe
- salda
- saldanin
- saldino noonan syndrome
- sale
- SALE AND RETURN.
- sale in gross
- sale note.
- sale,
- sale-room
- sale-work