sale on approval

Definition of "sale on approval"
  1. A type of contingent sale in which the final purchase relies on the buyer's acceptance of the goods. The buyer, primarily intending to use the goods, holds the right to return them if they do not meet their standards, even if the goods comply with the contract
How to use "sale on approval" in a sentence
  1. The art collector entered a sale on approval for the unique painting, allowing him to return it if it didn't match his expectations.
  2. The company arranged a sale on approval of the machinery, granting the buyer the chance to test its functionality before finalizing the purchase.
  3. The sale on approval provision in the contract allowed the potential home buyer to live in the property temporarily to see if it suited their needs.

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