Texas Business & Commerce Code - Section 2.327. Special Incidents Of Sale On Approval And Sale Or Return
Legal Research Home >
Texas Lawyer > Business & Commerce Code > Texas Business & Commerce Code - Section 2.327. Special Incidents Of Sale On Approval And Sale Or Return
§ 2.327. SPECIAL INCIDENTS OF SALE ON APPROVAL AND SALE OR
RETURN. (a) Under a sale on approval unless otherwise agreed
(1) although the goods are identified to the contract
the risk of loss and the title do not pass to the buyer until
acceptance; and
(2) use of the goods consistent with the purpose of
trial is not acceptance but failure seasonably to notify the seller
of election to return the goods is acceptance, and if the goods
conform to the contract acceptance of any part is acceptance of the
whole; and
(3) after due notification of election to return, the
return is at the seller's risk and expense but a merchant buyer must
follow any reasonable instructions.
(b) Under a sale or return unless otherwise agreed
(1) the option to return extends to the whole or any
commercial unit of the goods while in substantially their original
condition, but must be exercised seasonably; and
(2) the return is at the buyer's risk and expense.
Acts 1967, 60th Leg., p. 2343, ch. 785, § 1, eff. Sept. 1, 1967.
Section: 2.320 2.321 2.322 2.323 2.324 2.325 2.326 2.327 2.328 2.401 2.402 2.403 2.501 2.502 2.503
Last modified: August 10, 2007
|